Ever since India went into a lockdown in end-March, anti-China hashtags have arrived and disappeared with a frenetic pace. Today, the question that we need to study is which of the two parties would be hit the hardest if economic distancing does take place? 

Before we explore this theme, here are some facts around the interconnectedness of the two economies. Cumulative investments in India crossed $8 billion in end-December 2019 of which just over half would be in the high-penetration technology space. Xiaomi handsets are bigger than Samsung in India, so are Huawei routers and the PayTM payment system. 





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