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Trade experts say India’s dependence on China for items like APIs for medicines will continue, but not-essentials like toys & plastics could be cut back.
Several rounds of military-level talks and conversations led by Foreign Minister Jaishankar and NSA Ajit Doval have produced zilch.
Customs Act allows Modi govt to prohibit imports from China. But the law's compatibility with WTO norms brings legal hurdles. That's where Atmanirbhar Abhiyan comes in.
India can’t replace China at manufacturing, not without paying more: Economics commentator Martin Wolf
In conversation with ThePrint's Editor-in-Chief Shekhar Gupta, Chief Economics Commentator at The Financial Times, Martin Wolf discussed India's fiscal deficit, banking sector and its potential in the global market.
India buys everything from electronics to key drug ingredients to industrial machinery from China and reducing that reliance won’t be easy, experts say.
Modi govt departments and ministries seem to be taking different approaches to calls for ‘boycotting China’ and ‘self-reliance’ since Galwan clash.
Modi govt has been working on a multi-pronged strategy since walking out of RCEP last year. LAC incident has only pushed the process, says top official.
Himachal officials blame Covid-19 for Indian traders not seeking permits but refuse to comment on whether the LAC situation also played a part.
Border trade between the countries resumed in 1992 after remaining suspended for decades after the 1962 India-China War and takes place between June-October every year.
At ThePrint's Off The Cuff, American author-journalist Friedman also said PM Modi deserved a 'decent grade' for quickly imposing the lockdown in India.
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