Parliamentary Committee report suggests Chinese insurgency in Indian market
No Indian seems to be interested in own men, material or anything manufactured in the country.
Well, finally realisation has dawned upon at least the Parliamentary Committee on Commerce that it pointed out the deficit we have been subjected to for long from the Chinese Side.
Chinese goods flooding in the Indian markets at cheapest of prices is suggestive of the fact that the Indian manufacturers are subdued in their own land. No Indian holds these days any phone made in India. Fair enough, we seldom make phones to hold. Then, what do we do?
We do nothing but give a grotty and step-motherly treatment to our own goods. And this is not something which has sprouted from writers' mind while gets conveyed by some of the committee’s reports itself.
Bang on was the committee’s assessment that is has underlined the lacunae present in the system. No Indian seems to be interested in own men, material or anything manufactured in the country.
Having adopted an utterly opposite approach to tackle the Chinese might, the Indians at the helm of power have only contributed to worsening the situation.
Our impotence in making the decision has pinned us against the wall like an insect fluttering its tiny arm to get free.
China, an economy quadrupled to the Indian one has taken full advantage of what we call the open market system. India now finds itself positioned in troubled waters and still, the majority of the leadership is fishing into it.
Is not China getting better of us with each passing day? Is there a plan of action, streamlined enough, which government seeks to execute in the coming decade to stand firm against Chinese overtures of expansion both geographically and economically?
The Indian conduct has dwindled between banning crackers on Diwali and advertising a war hysteria sort of situation like Doklam standstill. We are giving more room for an economy which has its core to engulf ours.
Issues like China-Pakistan Economic Corridor, Indian bid to NSG blocked, voting in the favour a terrorist have not even derailed the Indo-China trade relations.
Notwithstanding the tensions, the trade between both these Asian giants has only increased. It at present time finds itself at USD 84.4 billion. But whose favour it has gone in? This question needs to be addressed as soon as possible.
With a trade deficit of at least USD 52 billion, the trade balance leans in the favour of China. The Chinese negligence to the Indian demands, to open market for Indian pharmaceuticals, is set to deteriorate the equations for India.