In Indian markets one finds a large percentage of “Made in China” cheap products. Already there is uproar about the toxic nature of the colorful China - made toys and dress materials. Quality of the products has been a suspect. Then, why the Government of India is encouraging such a one-sided business and jeopardizes the growth of its own small scale industries?
It is reported that the percentage of imports from China has risen from 4% (2001-02) to 9.4% in 2006-07. India’s trade with China has increased 10 folds to a whopping US$25 billion in seven years! Concern is expressed regarding the near-monopoly of Chinese exports to India in certain critical sectors. Chinese import of Indian goods is only 1.3% of China’s global imports. The Indian government should review the imports/exports situation from China and ensure that the Indian products such as pharmaceuticals, IT services, heavy engineering, etc. are also exported to China in equal measure to have a win-win situation for both the countries.
Let the country be not over-dependent on Chinese cheap imports and compromise on the quality of the goods imported. India China Bhai Bhai is OK, but one remembers the Chinese invasion of India in 1961.
Sunday, January 13, 2008
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