NEW DELHI: Little it seems has changed since India imposed restrictions on Chinese imports in the wake of clashes and continuing tensions in Ladakh. The latest figures indicate that India has a $69 billion trade deficit with China.
In this conversation on StratNewsGlobal, Prof Biswajit Dhar of the Centre for Economic Studies in Jawaharlal Nehru University, argues that India has not addressed the key issue of production efficiency while giving incentives for industry. The government also needs to work with Industry, hand-holding wherever needed, to ensure industry delivers.
India must also focus on certain sectors instead of trying to compete with China in all. He pointed out that China has been working to a plan and a vision that goes back to the 1990s. India needs to develop a similar focus.
Tune in for more in this chat with Prof Biswajit Dhar.