Why Are Startups Reverse Flipping? Flipkart, Groww, Meesho, Zepto | India China Trade Relations

Описание: Walmart-owned Flipkart is reportedly in the queue of companies planning to move its domicile back to India. Similar to Flipkart, Pine Labs, Zepto, Udaan, Eruditus, Meesho, Razorpay, Groww, PhonePe are also planning to move their overseas holding companies to India. The trend is called reverse flipping. But why are the startups jumping on this bandwagon?

Edging past the United States, China has emerged as the largest trading partner of India in FY24, as per the data by Global Trade Research Initiative. India's trade with China stood at $118.4 billion while the country's trade with the United States stood at $118.3 billion. In addition, India's exports to China rose by 8.7% to $ 16.67 billion in the last fiscal year. What are India's top exported items to China? What is the significance of India-China trade?

Join News9's Shweta Kothari; Kartik Malhotra; Krishnakumar, Raman Roy, CMD, Quatrro BPO Solutions; and Ajay Sahai, DG, FIEO, for more details.

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