Discussion in 'Economy & Infrastructure' started by t_co, Jul 1, 2013.
India's trade deficit with China balloons to $12 billion - The Times of India
Looks like indian customers can't stop purchasing cheap chinese junks. After 10 years of "india-next manufacturing hub", india really need to do some work on the ground.
That's really sad, some Indian friends from this forum tried so hard to uninstall those popular mobile apps from their mobile phones, after they know these were from China; but the deficit still growing fast.
Did they really try the best?
The bigger insight from this data point is that India's economic decisionmakers have a minimal collective preference for indigenous products; or indigenous products cannot satisfy Indian demand due to quality, distribution, or price issues.
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