“The Future of China – India Bilateral Economic Relations”


The China Symposia
(A series to develop a broader and deeper multi-dimensional understanding of China)

Session on
“The Future of China – India Bilateral Economic Relations”

DATE Tuesday,  January 19, 2016
TIME 05:00 PM  – 06:30 PM (Registration: 04:30 PM)
Seminar Rooms I, II & III, Kamla Devi Complex, India International Centre (IIC), 40 Max Muller Marg, New Delhi – 110003
SPEAKERS Dr. Ramgopal Agarwala, Chairman, Pahle India Foundation,  and Former  Chief Economist of the World Bank in China
Mr. Mihir Sharma, Author & Opinion Editor, Business Standard Limited
Mr. Sridhar Venkiteswaran, Executive Director, Avalon Consulting and OC&C Strategy Consultants, India
CHAIR Dr. Ashwini Deshpande, Professor of Economics, Delhi School of Economics, University of Delhi, India and Honorary Fellow, Institute of Chinese Studies (ICS)
Economic ties constitute one of the most crucial areas of strategic and cooperative partnership between India and China. Both the Asian giants have grown in the post-reform years by increasing their external economic linkages. Currently, India-China trade stands at $70.59 billion, which reflect tremendous opportunities for traders and investors of both countries in sectors such as agriculture and food processing, asset management, construction and infrastructure, pharmaceuticals, electronics and information technology, and transport and logistics. PM Modi has also highlighted opportunities in railways, smart cities, infrastructure and urban transport for cooperation. For India, there is bigger scope for greater technical and financial collaborations with China in specific “Make in India” sectors like thermal power, renewable energy, railways, construction, ports and media & entertainment.

Despite many positive stories, one of the most important challenges facing India -China economic ties is the increasing trade deficit, which reached $44.99 billion in 2014. In addition, both China and India are conscious of their role in the world economy as they both seek to play a bigger political role on the world stage. There is a need to identify potential areas of economic collaboration where both India and China’s economies enjoy complementarities. There is a possibility and desirability of India tapping China’s vast forex reserves for Chinese inward investment to address India’s infrastructural needs, which will help rectify the bilateral BOP deficit through the capital account. The session will explore and critically analyse the future of bilateral economic relationship between two Asian giants.

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  Dr. Ramgopal Agarwala, Chairman, Pahle India Foundation,  and Former  Chief Economist of the World Bank in China

Dr. Ramgopal Agarwala did his B.A. and M.A. in Economics from Presidency College, Calcutta University in 1961 and his PH.D. in econometrics from Manchester University in 1966. He taught in the post-graduate Department of Economics of Calcutta University from 1961 to 1963. After doing macro-modelling for India, UK and Canada during 1963-1971, he joined the World Bank in Washington DC in 1971. He worked in various senior positions in the World Bank for 25 years covering Kenya, Botswana, Philippines, Bangladesh and Sub-Saharan Africa as region.

His last posting was to Beijing as the chief economist of the World Bank in China. Since retirement, he has been working as consultant for the World Bank and Asian Development Bank and was a Distinguished Fellow at Research and Information System (RIS) for Developing Countries in New Delhi until 2014. He is currently Chairman, Pahle India Foundation and Honorary Senior Fellow at National Council of Applied Economic Research, New Delhi. He has written several books covering the subjects of econometric model for India, rise of China, labor markets and social security in Asia and mainstreaming spirituality in development. He has written more than two dozen articles in learned journals which cover issues, among others of reforms of international financial architecture. He has recently published two books, India 2050: A Roadmap to Sustainable Prosperity and (jointly with Rajiv Kumar and Rajesh Shah) Resurgent India: Ideas and Priorities.
  Mr. Mihir Sharma, Author & Opinion Editor, Business Standard Limited

Mihir Swarup Sharma was born in Delhi and grew up in Chandigarh, Mumbai, Jamshedpur and in Kolkata. He was trained as an economist and a political scientist in Delhi and Boston. He now writes and edits opinion for the Business Standard newspaper in New Delhi. ‘Restart’, published by Random House India, is his first book.

  Mr. Sridhar Venkiteswaran, Executive Director, Avalon Consulting and OC&C Strategy Consultants, India

Sridhar Venkiteswaran is an entrepreneur and a key founding member and Director of the India based, Avalon Group, consisting of multiple entities along the Information Services Value Chain ranging from Strategy and Performance Improvement Consulting, Business Research and Marketing Analytics serving global clients with Group revenues of ~$35mn in 2014 and employing >1700 people.

In a career spanning 25+ years, Sridhar has been working with clients in the Indian, Chinese, Middle East and European geographies on strategy and performance related engagements across a wide spectrum of manufacturing and service businesses. In the process, he has developed lasting relationships with industrialists and senior management professionals in companies / Groups like Ashok Leyland, Hero Group, TVS & Sons, Asahi India, Rane Group, Dow Chemical, DSM, etc., in India and with businesses like Omzest Group, Qatar Development Bank, OCIPED, ME Global, etc. in the Middle East, by working with them on strategy and other consulting engagements. As part of these engagements, Sridhar has travelled widely across the globe to > 30 countries across North America, Europe, Africa, Middle East and Asia Sridhar has also done extensive work evaluating the relative economics of businesses across the two hottest emerging markets – India and China – for a number of Indian entities and is part of the CII Core Group on China, where he led a Strategy Exercise on how India needs to Engage with China. Sridhar has extensive experience interacting with Boards of listed and privately held companies as part of the above and other engagements, both in India and abroad and is intimately aware of the dynamics and workings within such Boards. He is an Independent Director on the Board of Hinduja Foundries Ltd – a listed company on Bombay and National Stock Exchanges, and in Rockman Industries Ltd., a privately held company of the Hero Group, the world’s largest two wheeler manufacturer.
  Dr. Ashwini Deshpande, Professor of Economics, Delhi School of Economics, University of Delhi, India and Honorary Fellow, Institute of Chinese Studies (ICS)

Ashwini Deshpande is Professor of Economics at the Delhi School of Economics, University of Delhi, India. Her Ph.D. and early publications have been on the international debt crisis of the 1980s; also on aspects of the Chinese economy. Subsequently, she has been working on the economics of discrimination and affirmative action issues, with a focus on caste and gender in India.

She has published extensively in leading scholarly journals. She is the author of “Grammar of Caste: Economic Discrimination in Contemporary India”, OUP, 2011 and “Affirmative Action in India”, OUP, Oxford India Short Introductions series, 2013.  She is the editor of: “Boundaries of Clan and Color: Transnational Comparisons of Inter-Group Disparity” (along with William Darity, Jr.), Routledge, London, 2003; “Globalization and Development: A Handbook of New Perspectives”, Oxford University Press, New Delhi, 2007 (hardcover) and 2010 (paperback); “Capital Without Borders: Challenges to Development”, Anthem Press, UK, 2010 (hardcover) and 2012 (paperback) and “Global Economic Crisis and the Developing World” (with Keith Nurse), Routledge, London, 2012. She received the EXIM Bank award for outstanding dissertation (now called the IERA Award) in 1994, and the 2007 VKRV Rao Award for Indian economists under 45. Her areas of interests include: International Economics, Economics of discrimination, Aspects of the Chinese economy.

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