About INDUQIN
OBJECTIVE
India and China stand as the two most populous and fastest-growing countries globally, collectively hosting nearly 2.8 billion people, which accounts for two-fifths of the world's population. A mere $100 increase in per capita income within these nations could generate approximately $280 billion in additional demand for commodities.
The rapid economic expansion of China and India carries profound implications, extending beyond global living standards and poverty alleviation to impact competitiveness and income distribution worldwide. As their economies progress, interest in the nature and consequences of their growth has surged.
There are evident parallels in the developmental trajectories of China and India: both boast ancient civilizations that have shaped unique attitudes, institutions, and traditions, alongside substantial populations and sustained economic success spanning more than two decades.
According to the International Monetary Fund, Asia remains the fastest-growing region globally, serving as the primary engine of the world economy, with China and India contributing over three-quarters of the region's growth.
India excels in research and development, while China has demonstrated prowess in mass manufacturing. The crucial question arises: "How can we cultivate an ecosystem to deliver affordable, value-added products to the global market by leveraging each other's expertise?"
The prosperity of India and China holds significant importance for global economic stability. The evolving economic ties between these nations have propelled rapid growth, with a widespread acknowledgment that these emerging powerhouses will reshape the global economy in multifaceted ways in the years ahead. It is widely anticipated that by 2030, the combined economies of India and China will wield substantial influence over global policies and dynamics.
Emphasizing collaboration over competition is not only crucial for the sustainable growth of India and China but also for the broader world economy. Joining forces to address shared challenges presents a promising avenue to initiate a mutually beneficial India-China partnership.
Our aim is to provide our readers with a curated collection of articles sourced from diverse news agencies, encompassing not only topics directly concerning India and China but also those that have indirect impacts on these regions. These articles will be accessible on our website and disseminated through a regularly scheduled newsletter. The curation process will involve sourcing content from third-party providers.
THE NAME "INDUQIN"
Hindu and Chinese civilizations stand as two of the world's oldest, not only surviving but thriving through the ages. It's remarkable how their people still refer to each other using ancient names: 'INDU' for India and 'QIN' for China.
In naming this news platform, our aim was to encapsulate the essence of both India and China, honoring their longstanding positions on the global stage for millennia, drawing inspiration from their ancient names.
Among all considerations, none resonated as strongly as 'INDUQIN'. And thus, here we stand.
HISTORY OF INDU and QIN
As neighboring nations with rich historical legacies, India and China have shared profound cultural, scientific, and economic ties over the centuries. These ancient civilizations' interactions predate significant periods such as China's Han dynasty (206 BC-AD 220) and India's era of Emperor Ashoka the Great (273-232 BC). Through China's maritime and silk trading routes, a diverse array of goods, pilgrims, and knowledge systems flowed between these cultures, including the pivotal spread of Buddhism from India to China, which notably influenced Confucian and Taoist practices.
The cultural connections between India and China have deep roots in antiquity, evident in numerous mentions of China in Sanskrit texts. These nations coexisted harmoniously for over two millennia, a relationship likely fostered by the historical and religious bonds, particularly through the early introduction of Buddhism to China by Indian monks.
The Silk Road not only facilitated trade between China and other regions but also served as a conduit for the transmission of Buddhism from India to China. Buddhism stands out as ancient India's significant export to China, later spreading to various East Asian territories.
Starting from the first century, Buddhist scholars and monks embarked on journeys from India to China, reciprocated by Chinese students traveling to India for learning pursuits. Renowned figures like Bodhidharma, credited as the founder of Zen Buddhism, and other masters like Butuo and Buddhabhadra, symbolize this intellectual and spiritual exchange. Noteworthy are Chinese scholars like Xuanzang and Yinjing, who ventured to India's Nalanda University in Pataliputra.
Historical figures such as Hu Shih and Yuag Xianji underscore the enduring cultural exchanges between India and China, highlighting how Hinduism and Buddhism found patronage in China through various ruling dynasties. These interactions were marked by extensive maritime trade and religious engagements, shaping the sociocultural landscapes of both nations.
Records from scholars like Albert Etienne Terrien de Lacouperie shed light on the early maritime interactions between India and China, with Hindu traders playing a pivotal role in establishing trade networks and colonies along China's coasts.
India and China's connections spanned multiple routes, including Central Asia, Yunan, Burma, and maritime links through South Indian ports. These exchanges facilitated the transfer of trade, Hindu culture, arts, sciences, and Buddhism between the two nations, leaving a lasting imprint on their respective civilizations.
The advanced shipbuilding and navigation skills of both countries enabled extensive oceanic voyages, showcasing the sophistication of Indian and Chinese maritime capabilities. Notably, Indian vessels were known for their size and capacity, facilitating significant transoceanic journeys, such as Fa-hsien's return voyage from India to China.
Throughout history, India's prowess in shipbuilding persisted, with mentions of large vessels capable of accommodating hundreds of individuals. Land routes through regions like Assam and Upper Burma, as well as sea links via Southeast Asia, further solidified the intricate network of connections between India and China, facilitating the exchange of cultures and religions, particularly Buddhism.
The contribution of India and China to the world's Economy
The Hindu and Chinese civilizations not only stand as two of the oldest but also as historically affluent and prosperous societies. Angus Maddison, the renowned British economic historian, is notably recognized for his extensive estimations of global gross domestic product (GDP) dating back to 1 AD. Maddison's data vividly illustrates how India and China held significant shares of the world GDP until roughly 1600 AD, a position that gradually waned due to invasions and the advent of the industrial revolution. However, with their current impressive growth trajectories, both nations are witnessing a resurgence in their global economic influence.
The cooperation between India and China is underpinned by three compelling reasons: historical, economic, and strategic. Over the centuries, these nations have shared deep-rooted religious, cultural, and economic bonds, forming a solid foundation for collaboration and mutual growth.