To be competitive in global trade and for better economic revival, India has to regulate imports from China optimally without affecting bilateral relations. Analyse (200 Words)
Refer - Business Line
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Chinna 5 years
Kindly review...thank you...
IAS Parliament 5 years
Good attempt. Keep writing.
IAS Parliament 5 years
KEY POINTS
· Imports from China have curbed capacity creation and utilisation. This malaise must be addressed for economic revival
· China is now the proponent of free trade and globalisation at Davos. The OBOR and the RCEP are being promoted by China, which is on its way to becoming a superpower.
· It is useful to have a larger historical perspective, as India confronts a critical juncture. In the run-up to the RCEP negotiations, hardly any producer group in India saw benefits from joining the RCEP.
· They only saw adverse consequences and asked for carve-outs and protection. The experience of India’s FTAs with Asian countries has shown that the Indian industry has not experienced the anticipated gains.
· Growing imports of consumer goods, thermal power plants — and now solar panels and exports of primary products like iron ore and cotton — constitute India’s trade with China. All that is imported was being made, and can be made in India.
· The logic of free trade is for India’s growing demand to be met by China’s excess capacity and India’s inefficient, non-competitive capacities to close down without need for creation of new capacity.
· India needs to take a hard look at its choices. Creating global competitiveness and doing all that it takes to do so, including abandoning conventional ways of thinking, cannot be delayed.
Abhilasha 5 years
Please review.
IAS Parliament 5 years
Try to include about intention of RCEP and OBOR and link the existing trade deficit between India and China with India's Foreign Trade policy. Keep Writing.
Prajna Dwivedi 5 years
Shivangi 5 years
Please review.
IAS Parliament 5 years
Good attempt. Try to link with important features of Foreign trade policy 2015-20. Keep Writing.
DHARU 5 years
Kindly review!!
IAS Parliament 5 years
Good attempt.Keep Writing.
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