Key Points
New Delhi: India needs to strike a sensible balance between its security concerns with China and its economic reliance on Chinese imports, said Indian economist Sanjeev Sanyal, member of the Economic Advisory Council to the Prime Minister (EAC-PM)..
This could possibly involve re-authorising Chinese investments in India in non-strategic sectors, where India is already reliant on Chinese imports, he said in an interview to ThePrint...
Sanyal explained that India needs to come up with a practical solution to the China issue because, if India wants to integrate itself in global supply chains, it cannot wish away China...
In the Economic Survey 2023-24, Chief Economic Advisor to the Government of India V. Anantha Nageswaran argued that the country needs to strike a balance between importing goods from China and allowing investment from that nation..
He further said that in the choice between integrating into Chinas supply chain or promoting Chinese investments in India, the latter seems more promising in order to boost Indias exports to the United States...
You might be interested in
Biden-Xi closeness clearly shows one thing—The goal to undermine regional powers like India
17, Nov, 23India as a strong votary of multilateralism against competition between two hegemonic powers should be concerned.