Prime Minister Narendra Modi and China President Xi Jinping meet for their second informal summit in Tamil Nadu’s Mamallapuram. The first had taken place in Wuhan in April 2018.
There is virtually no comparison between the economic strength of India and China. And yet, Modi is employing all his resources to stand eyeball-to-eyeball with Xi.
Pakistan obsession is unfortunate because it ends up obscuring graver challenges in India’s relationship with China, which has assumed a broader scope.
Chinese ambassador Sun Weidong said the informal summit in Mamallapuram will hopefully give rise to guidelines on the developmental direction of India-China ties.
Speaking ahead of the Modi-Xi's second informal summit, ambassador Sun Weidong said the uncertainty of the international situation poses common challenges to China and India.
Optimism from first round of informal talks in Wuhan in April 2018 appears to have dissipated with China's aggressive stance on India scrapping Article 370.
The court had earlier banned hoardings on roadsides and pulled up the Tamil Nadu govt for not effectively implementing its order after a woman was crushed under a hoarding
Until now, units operating even in recognised industrial areas needed a separate factory licence. The move is expected to especially give a boost to small and medium enterprises.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
Chinese products are of the nature that they create no value by themselves. The real value is created by big brands in Europe, America and Japan, and this is the biggest shortcoming of the Chinese economic model (Pieke, 2016. Knowing China: A 21st Century Guide. Cambridge University Press).
India’s economic strategy should be aligned to protect its geo-strategic interests unless China comes to a more moderate position vis-a-vis India and its neighbours. Collaborative counter-weight to China is important, and trade is a strategic and justifiable instrument for India.
Chinese products sell all over the world because they offer value for money, and steadily improving quality, as had happened with Japan after WW II. The trade deficit is not easily bridged. However, both sides should identify goods and services where China can buy more. India should emphasise that growth in trade will become difficult till our deficit is redressed. Whatever India’s reservations over BRI, there are viable long gestation projects in India where China could be encouraged to invest. We should try not to let the baggage of the past weigh us down too much.
Chinese products are of the nature that they create no value by themselves. The real value is created by big brands in Europe, America and Japan, and this is the biggest shortcoming of the Chinese economic model (Pieke, 2016. Knowing China: A 21st Century Guide. Cambridge University Press).
India’s economic strategy should be aligned to protect its geo-strategic interests unless China comes to a more moderate position vis-a-vis India and its neighbours. Collaborative counter-weight to China is important, and trade is a strategic and justifiable instrument for India.
Chinese products sell all over the world because they offer value for money, and steadily improving quality, as had happened with Japan after WW II. The trade deficit is not easily bridged. However, both sides should identify goods and services where China can buy more. India should emphasise that growth in trade will become difficult till our deficit is redressed. Whatever India’s reservations over BRI, there are viable long gestation projects in India where China could be encouraged to invest. We should try not to let the baggage of the past weigh us down too much.