INDIA-CHINA: A COMPARATIVE ANALYSIS IN THE LATIN AMERICAN MARKET
Dr. Rohita Deshprabhu Kamat
With the commencement of the FOCUS LAC program, began India’s elevated economic involvement with the Latin American countries. India’s private sector trade as well as investment in the region was supported by this program. In spite of India focussing on strengthening its economic relationship with Latin America, China was able to surpass it in the financial, social and political fields. By seeking out new markets for commodities and services, India’s trade with Latin American Countries increased to $13.13 billion from 2000-2013. However, in the same period, the trade of China with Latin America reached a mark of $128.67 billion (UNCTAD database). This paper studies the impact of China’s trade and India’s trade in the Latin American Market.
KEYWORDS: India, Latin America, MERCOSUR, RCAI, Trade