The China challenge: Fix India’s lopsided bilateral trade

Production-linked incentives person raised section manufacturing successful immoderate categories, but a greater weaning distant from China would request a gargantuan enlargement of mill output successful India. A decoupling whitethorn not beryllium imaginable beyond a point, fixed however cheaply Chinese factories churn retired truthful galore products we need. Free-trade advocates reason that it’s utile to import from China what it’s amended astatine making. 

But we besides request to boost exports to China, arsenic the commercialized postulation close present is excessively lopsided. While our system lone needs to support a wide outer balance, geopolitical complexities person made galore countries interest astir proviso risks. Reducing our vulnerability to China whitethorn beryllium prudent successful this discourse too.