How India beat china
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Answer:
India needs to close the gap with China's economic might. Coronavirus and the Galwan incident have provided the perfect impetus. Import barriers and boycotting Chinese goods is not the answer.
''There is a change in perception when the economy begins to grow at 10%. Once people begin to see you are seriously moving towards $10 trillion, recognition comes much faster and sooner," said Arvind Panagariya, former Vice-Chairman, Niti Aayog.
The idea of an 'Atmanirbhar Bharat' is a self-reliant India rather than a self-centred one. Prime Minister Modi first spoke of a self-reliant India as a vision to recover from Coronavirus inflicted economic wounds. But the philosophy works as well for a fit response to neighbours who is flexing its muscles because it's a $14 trillion economy.
"To me, an 'Atmanirbhar Bharat' is a $10 trillion economy", says Arvind Panagariya, Economics professor at Columbia University and the first Vice-Chairman of the 'Niti Aayog'. He argues that India needs to accelerate growth to respond effectively to China.
"Remember everybody looks at you once the economy begins to g at 10 per cent", says Panagariya who believes India can achieve the goal over a 15-year horizon.
Arvind Panagariya (File photo) Representational Image | Photo Credit: IANS KEY HIGHLIGHTSIndia's strongest response to China will be to close the yawning gap in the sizes of our economyCoronavirus pandemic and the Galwan incident have provided the right impetus to focus on improving Indian manufacturingIndia must start producing cheap products for Indians instead of 'boycott' messages
Mumbai: What does 'Atmanirbhar Bharat' mean? It's a question that has gained even more relevance after the events of June 15 at the Galwan valley, where 20 Indian soldiers were martyred in an attack at the Line of Actual Control by India's neighbour and largest trading partner after the US While diplomatic and military strategy continues to be devised, the Indian state has rightly recognised that the most important front of this battle is the economic one.
India currently has a bilateral trade of about $86 billion with China of which imports account for $68 billion. The imports are all around us, from the phones on which social media warriors type out 'boycott China' messages to the ingredients in our flu medicine.
TD
The idea of an 'Atmanirbhar Bharat' is a self-reliant India rather than a self-centred one. Prime Minister Modi first spoke of a self-reliant India as a vision to recover from Coronavirus inflicted economic wounds. But the philosophy works as well for a fit response to neighbours who is flexing its muscles because it's a $14 trillion economy.
"To me, an 'Atmanirbhar Bharat' is a $10 trillion economy", says Arvind Panagariya, Economics professor at Columbia University and the first Vice-Chairman of the 'Niti Aayog'. He argues that India needs to accelerate growth to respond effectively to China.
"Remember everybody looks at you once the economy begins to grow at 10 per cent", says Panagariya who believes India can achieve the goal over a 15-year horizon.
"There is a change in perception when the economy begins to grow at 10%. Once people begin to see you are seriously moving towards $10 trillion, recognition comes much faster and sooner," said Arvind Panagariya, former Vice-Chairman, Niti Aayog.
The response to the yawning trade deficit so far has ranged from the impulsive to the ludicrous. Pictures of Indians stamping on a 'Chinese TV' to a Union minister asking for a boycott of Chinese food may provide comical relief but are far from real solutions.
A surge of checks on Chinese consignments has led to consternation from Indian exporters, fearful of retaliation for their Chinese exports. The government has clarified there is no specific policy to check Chinese consignments, but the message is loud and clear. As is the push to label goods as per the country of origin on e-commerce sites. The idea is to evoke a sense of patriotism within Indian consumers who will choose other options over 'Made in India' products.
"People are not buying these products from Indian entrepreneurs because our ecosystem is not able to produce it cheaply", says Rathin Roy, Director at the National Institute of Public Finance and Policy.
For Roy, being 'Atmanirbhar' means producing more of what the common people of India. Roy who was formerly a member of the Prime Minister's economic advisory council says talk of increasing exports remains fanciful unless we demonstrate that we can sell to our population at an affordable price.
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Answer:
HEYA HERE IS YOUR ANSWER:-
INDIA BEATS CHINA BY OUR ARMIES AND OUR intergration.