During the recent meeting between both the prime ministers china has promised to help update India’s railway system, establish industrial parks in the Indian states of Gujarat and Maharashtra, and open its markets to Indian products like pharmaceuticals and agricultural goods. China restricts Indian companies from entering many sectors, shows an institutionalized preference for its state-owned enterprises, and provides subsidies to its companies that some claim contravene international trade law. Even so, India’s preoccupation with its trade deficit with China is misguided. India has blocked Chinese investments in sectors such as telecom, ports, and shipping due to security concerns, made it difficult for Chinese employees to obtain visas to work in India, and complained loudly and frequently about its trade deficit with China. Chinese imports to India were $48.44 billion in 2013, while Indian exports to China were only $17.03 billion. Here are the reasons that Indians ...