
Rejecting China
With denial of investments, tighter regulations, rapid import substitution and crackdown on misdeeds of companies, India is giving it back to China like very few nations have.
With denial of investments, tighter regulations, rapid import substitution and crackdown on misdeeds of companies, India is giving it back to China like very few nations have.
With BRICS+6, GDP share will increase to 30% of global GDP. Major impact will be on global oil production, which will increase to 40% against 18% earlier
With toys, electronics, and fertilisers, India has shown the path to self-reliance and reducing dependence on China. Here’s how it’s playing out in this arduous journey.
India's overall trade with neighbouring China declined 1.5% to $113.83 billion in FY23 vs $115.42 billion in FY22
The surge in trade between India and the Netherlands is attributed to an increase in shipments of petroleum products, electronic items, chemicals and aluminium goods.
MoS commerce & industry Anupriya Patel tells Parliament that India’s dependence on imports of intermediate goods and raw materials is largely due to the gap between domestic supply and demand.
Apart from denying exports-led growth opportunity, India’s aversion to trade with big and powerful blocs would shut the door to global supply and value chains
In FY22, electrical machinery and equipment, sound recorders and reproducers, and TVs accounted for the highest $30.7 billion worth of trade, says the govt
Imports from China were the highest ever in FY2022. But this does not signal the failure of India’s strategy to reduce dependence on China.
The committee welcomed the government's plan to advance negotiations for a Comprehensive Economic Partnership Agreement (CEPA) with Bangladesh.