The Impact of Confucianism and Hinduism on China–India Economic Relations

The research focuses on the impact of culture on the economic relations of China and India as it is reflected in economic activities mainly in Beijing, Shanghai and New Delhi, Gurugram (Haryana) where the author conducted interviews. This cultural analysis of the Chinese and Indian economy mainly focuses on Confucianism and Hinduism as imperatives in economic choices. This research is based on qualitative analysis and the use of the interdisciplinary theory of Psycho-Culturology. It is based on the inductive method. It argues that China attaches importance to economic development and believes that economic development can promote peace. For China, developing the economy remains at the centre of its foreign policies. Characteristics such as cultural confidence and independent pursuit have essential roles reflected in India’s national behaviour. These differences have also been known to cause misperceptions and hinder the economic relations between the two countries.