How China was weaponized trade against India China is one of India’s largest trading partners, with India’s annual imports from China aggregating to about $75 billion, while India’s exports to China barely touch $15 billion. The annual trade deficit with China, at $60 billion, is the largest that we have with any of trading partners in the world. Despite this huge trade balance in China’s favor, it continues to needle us on our borders at every opportunity, sedulously weans away our neighbors to its sphere of influence, and actively thwarts India in every international forum from the NSG, to a seat on the UN Security Council. What explains China’s strategy towards India given the huge trade advantage it enjoys with us? Moreover, why has India made no serious efforts checkmate China besides seeking to correct the persistent imbalance in trade?
This excellent essay is packed with informative charts and tables. It presents a powerful, well-argued challenge to the ‘mainstream’ view that Chinese BRD is a death trap.
Above all, its message is that everyday economics and economists need to ponder 'Trade is the best way to hobble India’s potential growth.'
that can be offset by reducing central excise on petrol to zero. Main reason inr is overvalued is cuz modis main voters are brahmins/other forward castes who want a cheap dollar to educate their kids in amreeka at lowest possible cost. modi cant alienate these loyal voters by devaluing inr 100/200 pct. if Brahmins dont vote for bjp then who the fuck will?
This excellent essay is packed with informative charts and tables. It presents a powerful, well-argued challenge to the ‘mainstream’ view that Chinese BRD is a death trap.
Above all, its message is that everyday economics and economists need to ponder 'Trade is the best way to hobble India’s potential growth.'
If we devalue our currency, then won't our imports, especially petrol and diesel become costly?
that can be offset by reducing central excise on petrol to zero. Main reason inr is overvalued is cuz modis main voters are brahmins/other forward castes who want a cheap dollar to educate their kids in amreeka at lowest possible cost. modi cant alienate these loyal voters by devaluing inr 100/200 pct. if Brahmins dont vote for bjp then who the fuck will?
What could be the reason for record FDI?
90 pct of that is investment in jio platforms and e commerce loss making ponzi schemes like zomato swiggy paytm