India can convert the tariff turmoil into an opportunity to position itself as the world’s go-to trade partner. It has the scale and heft, but needs the boldness.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
New Delhi: India has handed over military equipment, medical supplies, trained dogs and horses to the Nepalese Army Monday, ahead of Prime Minister K.P....
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
Very interesting article by Nitin. While we must learn from China the way it managed to create so much of wealth and infrastructure in the country in a very shot time, we ought to be extremely wary about its territorial ambitions, arrogance of power and inimical attitude to India with overt and covert support to Pakistan. Whether we are poor or rich, we ought to be able to defend our interests against China strongly and at all costs. Once we are able to see China eye to eye, China will behave fine. What is useful to learn from China is the way communist party delivers economic growth with a single minded objective in focus and has not made politics and governance, a business and den of corruption like our politicians. While democracy may be a superior system over a longer horizon, Chinese system is clearly superior as it has achieved unprecedented levels of economic growth in a very short time using USA and European markets. India could have as well done this, had our leaders were not stymied and frozen in their thoughts and strategies. Therein lies the failure of our leadership. We can’t blame democratic chaos for our current low level of economic development. The fact is that we did not have a visionary leader who could have led us like the Chinese system did. We may not have razed all slums overnight to build superhighway but we could have done much better within democratic system itself. Chinese have a sense of being superior, want to rule the world and be respected. Never we could have imagined in 70s that during our lifetime, we could see China almost reaching or even bettering USA in many respects. It is indeed a sad story for India that we were short of imgination or we reveled in being poor and be pitied for it.
I am not sure in which pigeonhole this thinking fits. Having visited China and moved around quite bit, I can say that Nehru did the greatest blunder by giving up our rights on Tibet, which is almost one third of Chinese territory, the other third being Mongolian side. Thereafter, it has been a story of complete mess and subjugation. In recent years, we missed the bus which China boarded and we are now just one fifth or one tenth of Chinese economy. We need to think differently and need to match up Chinese in short time. We must of course do trade and investments with them and partner with them in any economically beneficial ways. Our aim should be to become the third powerful country but not too much behind USA and China.
I would label myself an “owl “ in this case. Setting up a China focused think tank in 2018 is 40 years too late. We should have been observing the dragon very closely since 1978, when it began its trek to greatness. Not so much as an adversary but to learn from the changes it was making in its economic orthodoxy, which have led to its remarkable rise. We don’t have to give up our democracy – in fact China should be moving towards more political freedoms, not increased repression – or hurt the environment or make some of the mistakes China may have in its race for growth. However, we need a basic reset to China. A more balanced merchandise trade. Willingness to accept more Chinese investment, whether or not we join BRI, for we are present in the Brics Bank and the AIIB. Not joining an initiative to contain / constrain China. Avoid adventurism, as in Doklam. China is a fact of life, as the US is, especially in Asia.
Very interesting article by Nitin. While we must learn from China the way it managed to create so much of wealth and infrastructure in the country in a very shot time, we ought to be extremely wary about its territorial ambitions, arrogance of power and inimical attitude to India with overt and covert support to Pakistan. Whether we are poor or rich, we ought to be able to defend our interests against China strongly and at all costs. Once we are able to see China eye to eye, China will behave fine. What is useful to learn from China is the way communist party delivers economic growth with a single minded objective in focus and has not made politics and governance, a business and den of corruption like our politicians. While democracy may be a superior system over a longer horizon, Chinese system is clearly superior as it has achieved unprecedented levels of economic growth in a very short time using USA and European markets. India could have as well done this, had our leaders were not stymied and frozen in their thoughts and strategies. Therein lies the failure of our leadership. We can’t blame democratic chaos for our current low level of economic development. The fact is that we did not have a visionary leader who could have led us like the Chinese system did. We may not have razed all slums overnight to build superhighway but we could have done much better within democratic system itself. Chinese have a sense of being superior, want to rule the world and be respected. Never we could have imagined in 70s that during our lifetime, we could see China almost reaching or even bettering USA in many respects. It is indeed a sad story for India that we were short of imgination or we reveled in being poor and be pitied for it.
I am not sure in which pigeonhole this thinking fits. Having visited China and moved around quite bit, I can say that Nehru did the greatest blunder by giving up our rights on Tibet, which is almost one third of Chinese territory, the other third being Mongolian side. Thereafter, it has been a story of complete mess and subjugation. In recent years, we missed the bus which China boarded and we are now just one fifth or one tenth of Chinese economy. We need to think differently and need to match up Chinese in short time. We must of course do trade and investments with them and partner with them in any economically beneficial ways. Our aim should be to become the third powerful country but not too much behind USA and China.
I would label myself an “owl “ in this case. Setting up a China focused think tank in 2018 is 40 years too late. We should have been observing the dragon very closely since 1978, when it began its trek to greatness. Not so much as an adversary but to learn from the changes it was making in its economic orthodoxy, which have led to its remarkable rise. We don’t have to give up our democracy – in fact China should be moving towards more political freedoms, not increased repression – or hurt the environment or make some of the mistakes China may have in its race for growth. However, we need a basic reset to China. A more balanced merchandise trade. Willingness to accept more Chinese investment, whether or not we join BRI, for we are present in the Brics Bank and the AIIB. Not joining an initiative to contain / constrain China. Avoid adventurism, as in Doklam. China is a fact of life, as the US is, especially in Asia.