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.
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.
From border to trade to Indian Ocean, there are many other areas of concern India could focus on instead of attacking China over the coronavirus pandemic.
From $1.6 billion in 2014, investment from China — mostly by state-controlled private firms now — has likely crossed $26 billion. What does it mean for India’s trade strategy and security?
The issue of inequality has assumed the blazing limelight at a time when inequality in India is said to be higher than it was in the British Raj. It's a ripe situation for half-truths and incendiary statements.
Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.
Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
Y hike import duty or impose ADD/CVD or use Safeguard Duty or Technical Barriers to Trade ? dindooohndoo
That will add to Indian Input Costs,and bankrupt several industries,and then the banking !
If PRC exports to India,are USD 100 Billion and duty is hiked by 20% – then 20 billion USD of profits,of Indian companies are gone.In addition,the supply chain of those user industries (of Chinese inputs),will also be wiped out,on upstream (suppliers of materials and inputs to Indian entities, which import Chinese materials) and downstream (users of Indian products made, from Chinese inputs) as they will either not offer cost reductions,or not absorb cost hikes !
On a duty hike of 20%,on Chinese exports,to India of 100 Billion – at least 150-200 Billion USD of Indian entities will be destroyed – asssuming a material sales ratioj of 50%.Add to that the impact on the upstream and downstream supply chain – which is another 150-200 Billion USD.If 400 Billion USD of Indian sales are wiped out – it is safe to assume that the Debt to Sales ratio is say 0.25:1,and so USD 100 Billion of bank and other debt will be NPA.
Then you come to the retail imports – phones,Tvs,Toys etc.That will wipe out the entire retail trade as INDIANS WILL NOT PAY HIGHER PRICES OF INDIAN SUPPLIES.That is disaster in the unorganised finance market – Nidhis/NBFCs/Chit Funds – all will go bust.This will also impact the unorganised working capital credit to SMEs.
Y not also impose an Export tax on exports to PRC. Again a dead end – as PRC will import from elsewhere.
Y not ban Chinese flag ships from Indian Ports – No problem – PRC will do the same from PRC and HK and some African Ports.
Y not ban PRC from all infrastructure projects ? Sad ! All Indian Infra companies are bankrupt – including those making toilets !
India needs PRC.
PRC could short Indian paper and securities,in the NASDAQ/NYSE or short the INR,in the NDF or just kick out the Indians,from HKSAR – now PRC.It Could also kick out the Indians from many nations in Africa – Idi style ! I pray for Idi !
It is certain that PRC will use the Taliban and Pakistan,based marine/maritime outfits – in the next phase.The Problem with the Indians,is that they THINK that they have the PRC jugular – In Malacca and the shallow waters,in the waterways,through Malacca,which can spot PRC Nuke Subs and Diesel Subs.
Sweet Dreams are made of this !
India has no options ! The PRC will now enter the whole of the North East
India cannot handle Nepal – they could not stop them from changing a map – how will they handle PRC.Indians still have not perfected the art of making galvanised steel – how will they re-take Galwan ?
Just handover Ladakh,Sikkim and Arunachal to the PRC
And then back to Cow piss Cola !
In the next phase,I expect PRC to use Tibetans in the PLA on the Indo-Chinese border and the Nepali midgets on the Indo-Nepal – to turn the Tibetans and Nepalis against India and Indians
The Mongols are the master race of South and East Asia – that is a historical and scientific fact !
The Galwan Valley incidence should serve as a warning signal. It points to the fact that China is not our friend, if not our enemy; it is definitely our adversary. The threat from the adversary is not military, but something else. I doubt how many politicians in India have understood the true nature of our adversary. Please refer to Michael Pillsbury’s famous book , “ The Hundred Year Marathon”. According to the author, China was never a communist country. The only ideology it has is the rabid, aggressive nationalism with the ulterior motive of replacing the USA and attaining the status of the sole global superpower. The Chinese mindset is inherited from its 500 years history from 725 B.C to 225 B.C. , called the’Warring States era’, when China was divided into seven states, always fighting with each other. Deception, intrigue , inducing complacency to avoid alerting the opponent, manipulating the opponent’s advisers, be patients for decades or even longer to achieve victory are some of the facets of the stratagem used during this period. China has followed this strategy and has come within a striking distance of attaining the superpower status.
The question is how to deal with such a nation, which incidentally also our neighbour. It is futile to expect benevolence and fairness from such an adversary. We forgot the lesson of 1962 and invited China to join our economic growth story believing that China has good intentions towards India. Now this trust has been belied. However, in the meanwhile China has made deep inroads into our economy and it would become extremely difficult to extricate ourselves from the Chinese economic siege. This is the nature of slow and patient economic invasion by China. Our dependence on Chinese imports has grown to extremely unthinkable levels. To stop these imports now would amount to cutting our own supply chains and this would immensely hurt our economy. This virtually makes us a subservient vassal of the Chinese economic superpower. Both Congress and the BJP should bear the blame for this phenomenon. For decades our politicians from Nehru to Modi got fascinated with the idea of improving ties with China at any cost. At least now we should wake up from the slumber and employ a well thought out long term strategy to reduce our economic dependence on China.
This is all bunkum!
If Chaiwala is serious – ban all PRC imports !
Y hike import duty or impose ADD/CVD or use Safeguard Duty or Technical Barriers to Trade ? dindooohndoo
That will add to Indian Input Costs,and bankrupt several industries,and then the banking !
If PRC exports to India,are USD 100 Billion and duty is hiked by 20% – then 20 billion USD of profits,of Indian companies are gone.In addition,the supply chain of those user industries (of Chinese inputs),will also be wiped out,on upstream (suppliers of materials and inputs to Indian entities, which import Chinese materials) and downstream (users of Indian products made, from Chinese inputs) as they will either not offer cost reductions,or not absorb cost hikes !
On a duty hike of 20%,on Chinese exports,to India of 100 Billion – at least 150-200 Billion USD of Indian entities will be destroyed – asssuming a material sales ratioj of 50%.Add to that the impact on the upstream and downstream supply chain – which is another 150-200 Billion USD.If 400 Billion USD of Indian sales are wiped out – it is safe to assume that the Debt to Sales ratio is say 0.25:1,and so USD 100 Billion of bank and other debt will be NPA.
Then you come to the retail imports – phones,Tvs,Toys etc.That will wipe out the entire retail trade as INDIANS WILL NOT PAY HIGHER PRICES OF INDIAN SUPPLIES.That is disaster in the unorganised finance market – Nidhis/NBFCs/Chit Funds – all will go bust.This will also impact the unorganised working capital credit to SMEs.
Y not also impose an Export tax on exports to PRC. Again a dead end – as PRC will import from elsewhere.
Y not ban Chinese flag ships from Indian Ports – No problem – PRC will do the same from PRC and HK and some African Ports.
Y not ban PRC from all infrastructure projects ? Sad ! All Indian Infra companies are bankrupt – including those making toilets !
India needs PRC.
PRC could short Indian paper and securities,in the NASDAQ/NYSE or short the INR,in the NDF or just kick out the Indians,from HKSAR – now PRC.It Could also kick out the Indians from many nations in Africa – Idi style ! I pray for Idi !
It is certain that PRC will use the Taliban and Pakistan,based marine/maritime outfits – in the next phase.The Problem with the Indians,is that they THINK that they have the PRC jugular – In Malacca and the shallow waters,in the waterways,through Malacca,which can spot PRC Nuke Subs and Diesel Subs.
Sweet Dreams are made of this !
India has no options ! The PRC will now enter the whole of the North East
India cannot handle Nepal – they could not stop them from changing a map – how will they handle PRC.Indians still have not perfected the art of making galvanised steel – how will they re-take Galwan ?
Just handover Ladakh,Sikkim and Arunachal to the PRC
And then back to Cow piss Cola !
In the next phase,I expect PRC to use Tibetans in the PLA on the Indo-Chinese border and the Nepali midgets on the Indo-Nepal – to turn the Tibetans and Nepalis against India and Indians
The Mongols are the master race of South and East Asia – that is a historical and scientific fact !
The Galwan Valley incidence should serve as a warning signal. It points to the fact that China is not our friend, if not our enemy; it is definitely our adversary. The threat from the adversary is not military, but something else. I doubt how many politicians in India have understood the true nature of our adversary. Please refer to Michael Pillsbury’s famous book , “ The Hundred Year Marathon”. According to the author, China was never a communist country. The only ideology it has is the rabid, aggressive nationalism with the ulterior motive of replacing the USA and attaining the status of the sole global superpower. The Chinese mindset is inherited from its 500 years history from 725 B.C to 225 B.C. , called the’Warring States era’, when China was divided into seven states, always fighting with each other. Deception, intrigue , inducing complacency to avoid alerting the opponent, manipulating the opponent’s advisers, be patients for decades or even longer to achieve victory are some of the facets of the stratagem used during this period. China has followed this strategy and has come within a striking distance of attaining the superpower status.
The question is how to deal with such a nation, which incidentally also our neighbour. It is futile to expect benevolence and fairness from such an adversary. We forgot the lesson of 1962 and invited China to join our economic growth story believing that China has good intentions towards India. Now this trust has been belied. However, in the meanwhile China has made deep inroads into our economy and it would become extremely difficult to extricate ourselves from the Chinese economic siege. This is the nature of slow and patient economic invasion by China. Our dependence on Chinese imports has grown to extremely unthinkable levels. To stop these imports now would amount to cutting our own supply chains and this would immensely hurt our economy. This virtually makes us a subservient vassal of the Chinese economic superpower. Both Congress and the BJP should bear the blame for this phenomenon. For decades our politicians from Nehru to Modi got fascinated with the idea of improving ties with China at any cost. At least now we should wake up from the slumber and employ a well thought out long term strategy to reduce our economic dependence on China.