India cannot expect companies from every corner of the
world to close their eyes and be ripped off blindly. Not even Chinese
companies that were late comers to India and not realizing the Indian
'rope trick' around investor's neck. At least it is only a rope and not
an 'iron chain' that the USA is placing around the necks of cronies and
doggies that cannot be broken. Foreign conglomerates doing business in
the past already were silent victims, departing India sheepishly in
shame.
How is India going to scheme to rip off China when no
Chinese companies henceforth want to set foot in India, just like
Chinese investors now avoiding the USA and EU. Chinese companies can set
up factories in Bangladesh, Vietnam, Thailand, Malaysia, Indonesia,
Cambodia and even Laos. India can refuse to buy from China and buy from
the West, like the EU buying oil from the USA. But India needs Chinese
raw materials for its pharmaceutical industry, Chinese supply chains for
its smartphone and computer manufacturing needs that the USA and the
West cannot provide. China is the only viable source for its tech and
pharmaceutical industry.
India will be just like the EU,
suffering withdrawal symptoms without Russian cheap energy to power its
industries. This is the reality and cannot be avoided. India can try to
behave like the EU and try to cut itself away from China. But at what
cost and what effect this will have on the Indian economy? Remember that
India needs to generate plenty of jobs to cater to millions of Indian
graduates joining its workforce. Are these graduates going to become
farmers and 'mama store' vendors selling sweets?
India must
think beyond its nose, not just trying to please the USA by trying to
waste its resources to counter China. The eventual beneficiary will be
the USA, not India. India will be the fall guy, the one suffering all
the collateral damage in the end.
Anonymous
1 comment:
No. Chinese singapore companies will set foot in India by the order of Papies. The G will take the lead with most of our GLC ready to move over to take advantage of India super huge and high quality people in 50 yrs times. Whether this companies rise or sink in that time nobody know, as it no longer a papies problem.
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