Chinese goods are flooding Indian households and meeting even their most basic needs, making inroads into areas hitherto considered a domestic preserve.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
1. Our importers import goods from China and earn profits. Obviously, they are unconcerned about impact of imports on our manufacturing sector. 2. We are also aware of Chinese international trade clout and even USA and EU countries are unable to find out how China is able to export goods at such low prices. 3. Considering China’s huge trade surpluses, it is not surprising that China wishes that free trade should continue. China is the biggest beneficiary of free trade during the last three decades or so. It is also perhaps the only country which has finessed the art of giving hidden subsidies and blocking imports from countries to which it exports and earns billions of dollars. 3. Everyone is aware that China is a communist country with zero transparency. It is time the entire democratic world with which China has all kinds of trade issues gears to face the ugly trade tactics of China.
1. Our importers import goods from China and earn profits. Obviously, they are unconcerned about impact of imports on our manufacturing sector. 2. We are also aware of Chinese international trade clout and even USA and EU countries are unable to find out how China is able to export goods at such low prices. 3. Considering China’s huge trade surpluses, it is not surprising that China wishes that free trade should continue. China is the biggest beneficiary of free trade during the last three decades or so. It is also perhaps the only country which has finessed the art of giving hidden subsidies and blocking imports from countries to which it exports and earns billions of dollars. 3. Everyone is aware that China is a communist country with zero transparency. It is time the entire democratic world with which China has all kinds of trade issues gears to face the ugly trade tactics of China.