China grabs Indian market in just 10 years
China grabs Indian market in just 10 years
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There is a lot of resentment against China after the border dispute. The public has decided to abandon Chinese goods. Political war has erupted between the two countries, and questions are being raised over trade deficit with China and each other's policies to confront China on the front. The truth is that in the last one and a half decades the lack of far-reaching trade-related policy, lack of infrastructure necessary for manufacturing, tariff policy not linked to foreign direct investment (FDI), the dominance of red tape, strengthening currency and most importantly, imports from China registered a five-fold increase during the year 2005-06 to 2013-14 due to issues such as trade softness to maintain strategic stability with China.

In these 8 years, exports to China could increase by only 22%. In 2005-06, imports of $ 10.8 billion became $ 51 billion in 2013-14. During this period, exports increased from $ 6.7 billion to only $ 11.9 billion.

Remembering the past days of the country's pharmaceutical companies, 15 years ago we would have got enough electricity for fermentation, today we would not have to see this day. For fermentation, a certain temperature needs to be uniform for a long time. This was not possible with the generator. As a result, in the last 15 years, India became dependent on China for 90% of bulk medicine.

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