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It's a good thing that deficit has decreased but I guess this is the best we could do. But brace yourself for retaliation from China our 16.6 bn$ export will also take a hit.India's trade deficit with China falls to $48.66 bn as imports decline
Exports to China in the last financial year stood at $16.6 billion, while imports aggregated at $65.26 billionwap.business-standard.com
GB = Gilgit-Baltistan in current contextAm I missing something here people??? GB???
Making those APIs is no rocket science, but it requires quite a bit of investment on part of corporates.Yep I still see labour class buying Chinese phones coz they can only afford them. With Economy already in doldrums, I don't see govt. will give any chance to increase inflation.
There are only a few areas where we can actually decrease our dependence on them & that we have already done.
I was reading somewhere that Chinese Tencent has 50 million $ investment in Indian Byju.
In pharma sector we export them raw material & import APIs which we use in HCQ tablets.
We need to appreciate the steps that GOI is taking on economic front but there is a limit to it that they can go.
I always believe key to hurt China is always in geopolitics.
Ofcourse its all to do with economic slowdown.This may be more to do with economic slowdown with current pandemic lockdown once country opens up fully i think imports from china will start going up again . Demand is less now so less imports also traders might be worried importing chinese stuff and getting stuck later if public starts boycott then they will be the loosers .
What should really matters is how much of these imports we are going to replace domestically which is when the real game starts .
Electronics import from china i am seeing no other second options for india right now who is going to replace china to fill that gap ?
It will not only have an immediate impact if India stops Chinese imports, but it would also end all of China's future plans in India, as Indian companies replace the gaps from the ban. In the long run it will help India become a bigger economic powerhouse. It may also trigger a domino effect (as in the case of the TikTok ban) with other countries also freeing themselves from dependance on Chinese products. They have already become wary of overdependance on China after contracting Covid from China. A global economic divorce from China would destroy all of China's future global domination plans. And if the Chinese economy is severely damaged, it could trigger a revolution and the destruction of the CCP.Economic retaliation will definitely work if carried out in a coordinated manner.
Many Chinese companies are in huge debt and they have excess capacity. If their export revenue dries up , then their profit will vanish and they would find it very difficult to pay back their debt.
Chinese economy of scale won't work if their products start getting banned from major economies.
Will XI agree to Doklam 2.0. I don't think so. Will modi make any concessions to the territory. Highly unlikely. However I expect some sort of Deal to happen in SCO & BRICS between Xi & Modi.
well demand has surely slowed down but now it's catching up the main reason behind fell in Chinese imports is border dispute . Now traders are not ordering Chinese goods in fear of getting banned recent ex is rakshabandhan where 500 million dollar worth Chinese rakhi were boycotted.Ofcourse its all to do with economic slowdown.
People celebrating the import slowdown with China seem to be at the same perception level as pakistanis getting happy about their decreasing import bill.
It just signifies that your demand has died out. Theres not a whole lot to be happy about that. Infact, its often used as an indicator for growth.
But again, India media knows people don't read beyond headline and the bullet points so they're happy printing about it.
Toh sidha sidha POK bolo na..Keya faltu mein confusion create karte ho!!GB = Gilgit-Baltistan in current context
GB = Great Britain , in 2090 . we will have our vengeance
In 2 months , festival season is coming. So we will know by then whether boycott had any impact or not.well demand has surely slowed down but now it's catching up the main reason behind fell in Chinese imports is border dispute . Now traders are not ordering Chinese goods in fear of getting banned recent ex is rakshabandhan where 500 million dollar worth Chinese rakhi were boycotted.
Your argument is wrong. My old bajaj motorcycle has better quality than new bajaj motorcycle, the only difference being that new one has more Chinese parts.Most consumers have a defined budget.
Going out of that budget is impossible for many businesses and consumers. They can't spend 20% extra just on a whim.
Also Indian brands haven't exactly tried to make their mark on quality. The low quality Chinese components that you talk about come at high discounts as compared to rivals.
If you pay the same as rivals, then quality picks up considerably. Eg. Iphones from China.
PoK divide ho gya hai. That new ladakh Map contains GB & J&K map includes Indian Controlled J&K & so called AJK of Pakistan.Toh sidha sidha POK bolo na..Keya faltu mein confusion create karte ho!!
Well then US needs to change their opinionUS is a "guarantor" to India that Pakistan will not interfere in China-India. Their ulterior motive is to keep India away from G-B at all costs.
So expect no action on the Pakistan front beyond some Pulwama-level event being responded to by a Balakot-level retaliation.
On the other hand, if India can prove to the US that Pakistan has grand 2-front plans, then the US has no option but to coerce Pakistan or let India take some parts of PoK.
So other than some intel coordination with China, pakis will largely sit this one out, because that's the smart thing to do.
In absence of any development beyond talks and talks, people's imagination have gone galloping.Am I missing something here people??? GB???
Yes. All bans will be reversed and China can invest heavily in India. As a part of the deal, Modi will become brand ambassador of Import from China. The metal used in medals of all Indian soldiers henceforth killed by China and Pak will come exclusively from China. In fact to sweeten the deal, there will be a friendship monument in Galwan as an ode to the "misunderstandings" that can cause tragedies. To stop a repeat, India will sign an agreement called Jhula agreement (while Modi and Xi swing on the Jhula and say sweet nothings) were IA is required to pull back whenever they see Chinese, as a show of athiti devo bhava. What's ours is theirs, what's theirs is also theirs.Will XI agree to Doklam 2.0. I don't think so. Will modi make any concessions to the territory. Highly unlikely. However I expect some sort of Deal to happen in SCO & BRICS between Xi & Modi.
Yes. All bans will be reversed and China can invest heavily in India. As a part of the deal, Modi will become brand ambassador of Import from China. The metal used in medals of all Indian soldiers henceforth killed by China and Pak will come exclusively from China. In fact to sweeten the deal, there will be a friendship monument in Galwan as an ode to the "misunderstandings" that can cause tragedies. To stop a repeat, India will sign an agreement called Jhula agreement (while Modi and Xi swing on the Jhula and say sweet nothings) were IA is required to pull back whenever they see Chinese, as a show of athiti devo bhava. What's ours is theirs, what's theirs is also theirs.
You should write novels, seem to have a knack for it.Yes. All bans will be reversed and China can invest heavily in India. As a part of the deal, Modi will become brand ambassador of Import from China. The metal used in medals of all Indian soldiers henceforth killed by China and Pak will come exclusively from China. In fact to sweeten the deal, there will be a friendship monument in Galwan as an ode to the "misunderstandings" that can cause tragedies. To stop a repeat, India will sign an agreement called Jhula agreement (while Modi and Xi swing on the Jhula and say sweet nothings) were IA is required to pull back whenever they see Chinese, as a show of athiti devo bhava. What's ours is theirs, what's theirs is also theirs.
I do actually write novels when I can find the time, had lots of readers tooYou should write novels, seem to have a knack for it.
What exactly has India to offer China? Unless we're going to accept status quo with a new Modi Line. Any harm to image has already been done via Galwan. Any economic measures have been taken by us. So an offer can only be reverses to our position.
This is some imagination. What makes you think that any sorta deal will only favour China not India? Australia has not yet joined Malabar & that might be just the card we use with China. Keep Australia out of Malabar & tone it down on SCS Xinjiang, Hong Kong & you move back to status quo.
Both Xi & Modi will proclaim this as win win. That's my imagination btw
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