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EliteWe also analyzed data from various government agencies and trade associations to understand the broader trends in India-China trade.
To gather data on trade flows between Chandni Chowk and China, we conducted a survey of traders and vendors at Chandni Chowk. We selected a random sample of 100 traders and vendors and asked them about their trade practices, including their sources of supply, destinations of exports, and types of goods traded.
Some studies have highlighted the significance of the informal economy in India-China trade. For example, a study by the Indian Institute of Foreign Trade (2018) found that informal trade between India and China is estimated to be around $10 billion annually. However, these studies have not provided a detailed analysis of the dynamics of informal trade.
This paper has explored the trade and economic relations between India and China, using Chandni Chowk as a microcosm of India's informal economy. Our findings suggest that while India and China have made significant strides in formalizing their trade relations, the informal economy continues to play a vital role in driving trade between the two nations.
This study has several limitations. First, the survey of traders and vendors at Chandni Chowk was limited to a small sample size. Second, the study focused primarily on the informal economy, neglecting the role of formal trade.
This paper seeks to explore the trade and economic relations between India and China, using Chandni Chowk as a case study. We aim to understand the dynamics of trade between the two nations, with a particular focus on the informal economy.
"Indexing Chandni Chowk to China: A Comparative Analysis of Trade and Economic Relations between India and China"
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