India's trade deficit with China balloons to $12 billion

Discussion in 'Economy & Infrastructure' started by t_co, Jul 1, 2013.

  1. t_co

    t_co Senior Member Senior Member

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    India's trade deficit with China balloons to $12 billion - The Times of India

     
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  3. no smoking

    no smoking Senior Member Senior Member

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    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.
     
  4. rockdog

    rockdog Regular Member

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    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?
     
  5. t_co

    t_co Senior Member Senior Member

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    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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