Jaishankar's Big Warning To Indian Businesses On China Trade, Days After Xi Jinping's Europe Tour
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- Опубликовано: 13 май 2024
- Just days after China President Xi Jinping's Europe tour, India's foreign minister issued a cautionary message to Indian businesses. S Jaishankar, while speaking at an even in Kolkata, called the situation in Ladakh "abnormal". He also commented on the historical factors affecting the India-China relationship and said that the situation at the disputed border cannot be disregarded by any citizen of India. Watch the full video for more.
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As an Electronic power equipment manufacturer, l loudly say to Mr Jayashankar..... Corrupted and irresponsible government offices and government officials make INDIA not suitable for " Make in India " Process. Many MSME have risked their savings and Ancestors assets in Make in India process by Modiji's insperations, but at the end of the day looses every thing by inefficient and corrupted government organizations from low to high level.
Ask the gujjus. They are buying materials from China. Ambani isn’t interested in any kind of innovation
India needs a hotline for reporting government corruption!!
This problem is deeply entrenched into government servant's psyche. Someone said 90% of IAS officers are still left oriented. Just see what the highest court did few days ago! Shocking. Govt can do so much but bureaucrats stall actions and since there are no strict punishments for them and courts are like what they are, good honest hard working people like you face hardships. GOI is doing work to improve this but as I said officers implementing policies need to have nation first in their hearts or real fear of prosecution without undue help from courts. (It's impossible to sack everyone and replace lakhs of public servants - opposition will create civil wars)
@@veereshwarsharma1254he is a propagandist.
Do you even think a manufacturer have time to comment on??
Also, see his ID.
Use common sense bro before deep diving in
As a US president, I say " you should be fkd more for doing propaganda"😂
A perfect and timely warning for Indian businessmen by Jayshankar sir.
No perfect timing it came after trade boom disaster they are warning after deed is done bro,our government is slow.
They really couldn't predict what they would do....@@divyanshsingh5574
China should Negotiate with India then threaten India.
Few months ago i bought a dining table from reliance furniture and to my absolute surprise there was written on the packaging box "made in china" which made me thought that when such big indian MNC cant even manufacture a dining table in India then what to say about small companies or people ????
Its not about if we can or not mfg, the economics is tough to get decent margin.
@Philoscome on oper007
@@LakshyaRaj-vc4ur He foo l 🤣. International Trade comes under WTO and IMF role is different. IMF gives emergency loan to Countries facing Serious Balance of payment crisis... Hehehe 🤣😂
@@LakshyaRaj-vc4ur there are several ways to control this...don't try to fool with this IMF etc., policies...the problem is how to manage the transition and stay competitive...every country in the World is facing the same situation with Chinese Goods...an Average Chinese worker is ready to work for much lesser wage than an Indian worker...that is the biggest problem...
Despite all the tariffs, Indian manufacturing can never compete with China. Indian tariffs have steadily increased since 2014. Now at an average of 18% to promote self reliance. This is one of the highest in the world. That's why Trump called India tariff king.
Easy to talk about Make in India but very difficult to really make it. Criticise Chinese products as lousy but still buy from them - so deep down Indians know it’s value for money. Look at USA, even they can’t produce much Made in USA anymore!
Agree that the core businesses should remain in the country.
Talk is easy, implementation is another ball game. You have the ‘walk’ the talk
Why did you vote for Congress all these years?
When we have stubborn gulams like u, that job is even more difficult
Instead of creating conditions for profitable manufacturing in india, Jaishankar is schooling businesses the nationalism..... Nationalism doesn't mean that businesses run in losses but manufacture in india..... Instead, u should question yourself about why government hasn't been able to even create conditions to attract businesses to make in india....... And lastly, Nationalism is a tool to mobilise fools and poors, elites don't run by the concept of nationalism....... And people who are schooling indian businesses to show nationalism, ask your government about why corruption still persists so much at every level, why such a bad infra, why extortionist police department, why trash everywhere, why no public spaces, why power cuts as soon as summer arrives, why roads have potholes, why footpath of every big city is used for vehicle parking, where are tax money going, why bureaucrats enjoy power to harass businessman, why waterlogged roads after even 1 hour of rain, why traffic jams in every big cities since long, why pollution everywhere, why so high crime, why so high property prices (even expensive than London and Dubai), why so high taxes on everything from petrol to gst to income.......... Businesses are here to do business, not to do charity in the name of nationalism...... Businesses are not here to make losses and lose all money...... Businesses will buy and move to those places where they get a good deal........ So stop schooling and look at yourself...... U can't even give licences without bribery and u want businesses to show nationalism........ Instead, show your nationalism and reduce taxes, give better quality of life, give better conditions, improve the rotten education system, where only rote learning is been taught to students......... Whole education system tests memory of students till college, instead of checking analytical skills and creativity........ That's why no AI and semiconductor companies from India......
The problem is if we don't buy directly from China other countries will sell the same Chinese goods to us at high price. So trade is trade it's a double edge sword
You didn't' get it. We were importing large verities of things across many sectors, that earlier govt's should have encouraged Indians to manufacture. Last 10 years we managed to manufacture many of these things using right environment and PLI schemes, but still a big number of stuff is being imported. I think next 3-5 years we shall not only be self sufficient mostly but become major supplier to the world
@@veereshwarsharma1254
Nope.
Manufacturing hospital masks, plastic bottles and wrappers is not self sufficiency.
India never manufactured any significant technological article that can be counted as legitimate self reliance of that scientific fields.
Even the phone i am using is what 😂😂 Chinese
Even Tata motors and Bajaj auto buys components from china and sell them via their made in India products. For example Tata Nexon ev batteries are from china - where is pure ev Indian vehicles?
So call win win cooperation both sides gains.
Is more expensive to manufacture, is alot cheaper to buy in the long run.
India need some time
Jaishankai should ask why he can’t buy an Indian made battery for TATA, instead of criticizing Indians for buying Chinese made Batteries. 😂😂😂
@@phillipchan6919He is not criticizing. He is cautioning about a very real concern. It means the govt is serious, and he wants a dialogue and actions in the business community to offset this threat. Re. EV batteries, you can expect to see Indian made batteries in a few years time, perhaps sooner than later.
China also imports raw materials for manufacturing different products.
Very easy to say this. But the technologies in mobile, cars, seats anything even furniture is crazy in china. Thats why majority of indians buy from china.
Who gave them those technologies in the first place? Biggest capitalists nations of USA & Europe. Looks like the authoritarian rule of CCP gave them an offer they couldn't refuse.
True ! The Chinese govt has provided the Infrastructure and lack of corruption for Manufacturing and trade to flourish there. Here politicians as well as govt agencies are so corrupt and slow! I want to manufacture and would have were I in a corruption free country. Doing business should not give such a headache. It should be a joyful activity. How can it be if the electricity, roads, metro infra etc., not in place!
Even though they say infra is in place if you travel to China you will see the diff!
He just talked about nationalism and the next moment it is forgotten and it's back to square again 🤣
Shame on Indian business tycoons that for petty benefits they have put country interests at stake ❤
Wt bout consumers buying imported china goodd?
Jb tum gandhiji ko apne pocket me aata dekhoge har din.. tumhari raay b badal jygi
They all are gujratis they dont have nationalism
@@LaxmanSingh-iq2im consumers /customers are also responsible
@@defence3355 there are hundreds of aluminium foil brands in india but last month in a groccery shop i found an aluminium foil originated in uae and imported by pimp gujarati.
Indian businesses need to reduce dependency on Chinese imports . COME ON INDIANS ....YOU CAN PUT YOUR MINDS TO WORK AND MAKE THESE PRODUCTS JUST AS CHEAP, IN INDIA !!!
The sooner Indians do this , the better. Home grown industries and manufacturering is the direction India is heading
China is able to produce and supply cost effective finished products to the entire world. So why indian companies unable to do that? The answer for Mr. Jaishankar's question is much lies in that. As a government official he might be concerned but businesses won't be concerned about national security and interests. Mr. Jaishankar sir it is better for you to ask our indian government rather than asking indian businesses.
Bcoz we're not laborers of the world we only produce for ourselves.....
Indian businessmen should be mandated to seek special governmental permission before buying anything from the Chinese even if it is routed through a third country . Anybody violating this procedure should be heavily penalized and only then can this duplicity be stopped.
Traders buying ganapathi idols , toys crackers and ighting equipment should be immediately banned.
You don't have any idea about these kinds of things, Govt has no duty in business and trade with other countries unless any involvement of national security, it's against IMF policies. And we have not yet given much liberty to business, they could do their business seamlessly, if our govt tries to give some liberty, it is us kind of people crying foul.
@@user-er2rc8cm2h I see very logical 😂😂 you are the beggar of the world, begging from China, from usa from russia
😊😊😊😊😊😊😊😊
Looks like India has chosen to embrace U$ led western value of treating China as a threat instead of building bridges and pursue development and win win co-operation.
Reminds me of U$ - USSR/Russie cold war era.
US has been cynical and manipulative yet cunning to propagate lies to many of her non-allied countries- at the expense of maintaining her hegemony and supremacy but not taking care of her own backyard like homelessness, poverty, education, healthcare, social security, infrastructure (only to address but slow) and housing. Taxpayers have been footing the bills on military complex on wars and riots in other countries. I reckon civil wars and unrest wud happen within 5 years
China is to blame for the bad relations with India. China should curb its hegemonic tendencies for its own good
He is spot on ❤ bajaj is one of those companies
For Starters “ To start a new small business local president demands 2Lakh for commercial Electricity Line” we are competing internally to survive then how can a businessman have a chance to compete china, please do something to stop this first.☹️
Jaishankar's message is largely addressed to the industries in India and not the end consumers.
As a senior industrialist, I fully agree that a lot of products which are presently being imported can and should be made in India, The govt on it's part should levy higher tax on goods imported from China in order ro support Indian manufacturers.
That is not support.
Indian manufacturers are incompetent.
They can never match China, so need govt intervention.
And supporting incompetent losers destroys the nation.
I waited a long period before I could buy a made in India iPhone !
Indian businesses shareholders together should put pressure on their management team to only buy 1) from Indian companies 2) from outside india China should be the last resort 3) help other countries to built up capacities to replace China as USA is doing with India and other countries to replace China from its supply chain.
Sadly if u must know the truth, your iphone was not made in India but assembled in India. Most parts were imported from China to be assembled. 2ndly, good luck to u buying anything from the USA.
Like it or not , ndia and China will always neighbour forever, its better both manage differences wisely, be aware of other powers that love to see conflict for their advantages , just remember Iran Iraq war, Syrian war, Libya,Kashmir, recently Ukraine and many others
‘Better both to manage’… do you think china behave the way you want? Never trust this country…they have backstabbed many times… learn lesson and do not make mistake again and again
where is other power meddling? China is the land grabber and has issues with every other neighbour. only country in the world which has such issues. Where did other power meddling in between india and china come?
@@rajv9921The thing is the BJP government has no political will to improve relation with China because the BJP regime has to please the Americans by being subservient to them so that India can avoid US meddling in issues like Kalisthan, Manipur, Nagaland where freedom fighters are waiting for funds and support from the CIA
@@rajv9921GB Land grab?? If it was not China keeping US busy, India would have already lost Kalisthan, Nagaland, Manipur ect.. Remember the Anglo Saxons created India but they can also split it in future.
Exactly
India should try to manufacture more in our country. But with Ms Nirmala Sitharaman's fiscal policies with high taxation and high GST it is impossible to do so. Let the Govt walk the talk with progressive taxation and not back breaking taxes.
Plus bribe,plus local political tortures like party donations..doing business in India makes the business men to think twice
@@poonchezhiansthis is the real problem. The taxes are already low for businesses.
@@s-qc9ns25% of tax from profits, again 30% tax for dividend distribution. 0% to 28% gst taxation. PF and esi contribution, gratuity and yearly bonus. Local problems, other government charges, lot of license clearance certificates.
Indian businesses has no other options.
Yes, they have
But, Sate or Centrel Govt Don't want to make a Environment for India's own Manufacturing 🤦
Its mostly state government @@Lordthanos3825
Corona bot spotted 😂
@@Erode-karan cow dung
breaking chinese tv and filming from chinese phone🤣 this is India act against china🤭
Reduce tax, increase penalties(traffic or cleanliness) in general, This will automatically increase your purchase power and allow made in India products to be cheap. It will also help regulate the crowd and bring discipline.
Government should stop issuing import permits and Settlement processes for all non-essential consumer items that are imported from China.
What China has done with their infrastructure is really commendable. They are ahead of India by at least 15-20 years in terms of infrastructure. These advantages China has cannot be overcome so easily. India will become the next manufacturing hub but it will take time.
Manufacturing in India is too expensive with the current taxation policies, labor rates and corruption.
The talk by BJP members is the greatest show in this planet. Employees will never know ground reality of innovators
Govt increasing the gst on Indian manufacturing is a major reason for the business to buy Chinese goods.
Chinese imports are also charged gst in addition to customs duty
To become a develop nation we need to start production and export. It’s a change phase and we hope Indians will adopt it very soon
Many doubts India's manufacturing machinery can thrive without Chinese cooperation. The Indian business community, unlike Mr. Jaishankar, understand that aspect very clearly!
Wait it takes time...China is not where it is today overnight
will chy_na and poo-shi-ping survive without India's market--doubt that!
@@user-dv1zi4bq6q market with 2000$ capita?
@@user-dv1zi4bq6q 😂
@@abhilashkumar1009 China and Endia started same after independence in late 1940s.
Look how different China and Endia are today 😂
i really like Jaishankar, he is rich, married to a foreigner and lives in his own rich/posh bubble where he hardly notices poverty and crime in India. For him because of his small bubble, Indian seems to be the best place to live because there are 140 crore servants at his disposal.
Well articulated and much-needed message
Jay hind 🇮🇳👳
इस देश का यही दुर्भाग्य रहा है कि इसमें राष्ट्रीय चरित्र की धारणा का बोध नही हो पाया जिस दिन ये कार्य सम्पन्न हो जायेगा उस दीन ये देश विश्वगुरु बन जायेगा.
उत्तिष्ठ भारत:🔥🔥
कल्याण निर्मलं भारत:🔥🔥
मम प्राण प्रिय भारत:🔥🔥
Sir instead of lecturing our biz ppl , please damn tax system in India , we are a developing country not Europe , it is like slums having rules of 5 stars hotels
Aspire to be better than to sit back lazily and expect to be served in a plate.
Jaishankai should ask why Indians can’t buy an Indian made phone instead of criticizing Indians for buying a Chinese Made Phone.
@@phillipchan6919 Mr.SoCalledChan you don't know what kind of products we get here in India, so you are not the right person to blabber.. He's not complaining about the end user but cunning businessmen.
Go to Europe nd look at their situation today .
Senior citizens have no access to medical facilities, housing, warmth in freezing winter times , inspite of high taxes .
Becos of freebie culture , just to appease a few
Are these biz ppl getting it free from China 🤔.
Thank you sir jayasankar, for expressing my view which is same as you.
Very honest comment on the Indian business community relying on china.
Instead of blaming past governments, rise to the occasion and ban purchases from China and Indian businesses will adjust by making in India.
That's not possible! Banning apps is a different matter. Banning products would violate trade agreements. It's up to us, the consumers, to choose products made in India or from countries other than China.
@@yodha8343 trade agreements are sacroscant but our borders and the lives of our soldiers are not?
Somebody had to bell the cat and who better than FM Dr Jaishankar!
Indian businesses generally chase short term goals and have no strategic vision. Not too mention an absolute lack of National pride.
To be fair to them Indian customers are also generally happy to patronise cheap products, regardless of Country of Origin or quality of the product. But in a Catch 22 situation of the first step had took be taken out of up to the business to do so.
Exactly.
Well articulated sir, chanakya neeti should be followed in letter and spirit in foreign policy
perfect warning
Indian buisness must be self reliant in everyway possible including manufacturing industries in India and. defense manufacturing industries in India. Do not trust China. Block all Chinese investments and products in the India. Jai Hind 🇮🇳 Jai Bharat 🇮🇳
First get proper electricity infrastructure in place, than companies can be built and so on. This what i see how Singapore,Malaysia were able to move forward faster.
With electricity water can be created .
Exactly.
Without power, no nation can become a manufacturing hub.
Factories required an energy source.
Mr Jaishakar. Instead of focusing on what the Chinese are doing, I suggest you pay attention to India. Make India a country which is easy to do business in, ensure Govt officials are not corrupt, ensure transportation facilities for the smooth flow of goods and people, improve the quality of Govt schools, open up polytechnical institutes to train the workforce. Unless these basics are ensured, Indian companies will not be able to compete with Chinese ones.
Truly said
As Indian we take great pride in our Nation first policy, but we are underlying the supply chain from China as we are doing in a big way which will make our business trade hit as some point of time. Better as Citizens of India we start buying local goods and cut down our purchase from china to a very minimum quantity.
Jai Hind ❤❤
What ever problems come Indian citizens should boycott China consignment. Raised 100 % duty. Respect our Indian Army give there life India soil. .
What can we expect from donated Electoral bonds companies. They are cheap.
Easier said than done
This is India's part of the story. India is famous for
it's say one thing and do the other. If you gave India
an inch, they'll want want a foot and if you still don't
do anything they'll demand a yard. What is there to
discuss when the 1947 issue haven't been resolve.
What the British says to India is irrelevant because
China never agrees to it.
Actly it's rather China problem instead specially Chinese Govt they say one thing & does the opposite Chinese doesn't abide by the rules which they agree on the official documents whereas Indian Govt always stand by their words jst look at the track record of both nations & then comment u should knw by now that no one in this world rlly trust China bcoz they can't even abide by their own words they jst break the rules as per their convenience......
China can go take a walk. It is a paper dragon, which has been huffing and puffing and putting on an inflated show of itself, until India came along and punctured the gas bag 😂
Now China stands stripped, and exposed as the tottering mediocre setup that it actually is.
sounds more like a Chinese story to me
@chanahyingchan5070
The Best way to deal with indians:
1. Do not talk to them.
2. Do not work with them.
3. Do not trust in them.
4. Do not believe in them.
5. Do not feel sorry for them.
6. Do not help them.
7. Do not play sports with them.
8. Do not work in their company.
9. Help anyone that they tried to put down.
10. Ignore and isolates them.
11. Let them know their place in the world.
WTF are u confused with India and china . Definitely Chinese bot
i always see where is made in India, indegenous . and its little costly, but at the end of the day i am happy to share my money with in country.
Here is an idea. 1> The government publishes a list of 500 goods & services currently imported by volume & value, in all national & state news mediums. 2. Announce incentives on manufacturing these locally e.g tax exemptions/ reductions.
3. Identify Sources of technical know-how, and raw materials required. 3. Encourage successful entrepreneurs by recognizing them publicly. 4. bestow 'Import substitution entrepreneurs of the year' and so on. look at the result, it will be surprising.
Great Inspiration Sir . Dare devil leadership follow truthful, Intigrated, Loyal to India and every Indian. Let's all Indian come together with the assets performance in collaboration with transparency to enhance the Productivity and Efficiency and be strong team on the planet earth with relative friends and professional in small groups.
Very true our business man need to understand this and try to find alternatives.... you just can't running your business or existence depending on hostile nation... like China
Hats off to jaishankar Sir,💪🙏🇮🇳✌️👍❤️
Dear HT group plz enrich the content of the news with vital information instead of dramatic music
Chinese has the upper hand in the economic war and Guju traders can't avoid the glittering lure.😅😅😅😅😅😅😅😅😅😅😅
Sure if you can produce product that is at equal value or better then we buy from you..... Is just simple economic sense.
116billion trade
110 billion imports
6billion export
Need to check what they imported
And make in india under govt r Adani r Ambani
India, tour Europe too.... Why criticize China for wanting to foster ties with Europe trade
Every Industry has many products / items much cheaper in China; some tools ONLY available in china. Challenges to withdraw china products! Indian Business also must be Patriotic
Your background music is very cery disturbing
US: China... China.... China...
EU: China... China... China...
India : Chyna....Chyna... Chyna....
Business men are business men. Impose on them 10 more time tax on their imports from China. Give incentives to the the industrialists who produce the same commodities with the surely of superior quality.
Papa ji election's mey busy hai thoda savar karo 😂😂
When your mother go to Pakistan and now blaiming modi ??
I completely agree with Mr. Jainshankar's words or idea, you should always think ahead and strategically. Until now, it was done by Western Europe and the USA (people don't understand that the East and South of Europe is just a colony like all other non-Western countries?!!), and now it could happen that China or someone else takes over. It can't be like that. Balanced import-export should be agreed. Why should I import wheat, if I have it that I can sell? "And why would I go with that wheat to another country that also has the same ratio of wheat production, so that I would destroy their production, and in this way, without firing a bullet, a corporation can easily occupy a country". And after all, that's what's happening right now.
What a shuttle slap to many of our our “profit only matters” and “No rules” industrialists . Better they change now . Kudos to our EAM on thinking in an all inclusive manner .
One day India imported toys Diwali items in a big way from China today the story is reverse see what America is doing with import from China.... India must tighten import rules from China to encourage Indian manufacturing
India has to manufacture its own goods and not make itself more dependant on Chinese trade.
talks is cheap, the machines and raw materials still have to import from China.
The BJP has vision of making process reforms in its next term to improve ease of doing business in India. Hope it happens as fast as possible.
If I am rich my country too is rich
🇮🇳🇮🇳🇮🇳
Jaishankarji should be PM instead of Modiji or Rahulji
Absolutely true, however, China's tempting prices of products and Indian consumers' economical condition is encouraging it. Providing options is essential. Indian youths must be diverted in hard and smart work like China's instead of killing time behind IPL and such other nonsense social media. Such laws should be passed in the parliament.
sometimes govt iniatatives are required so the govt may need to incentivise.
If Jaishankar is so concerned about Indian businesses, he must first berate Modi for inviting Xi to Gujarat and Mahabalipuram for photo sessions. Pradhan Photojeevi ne mere desh ka lanka laga diya hai.
So clearly explained that business has to follow national interest along with their personal profitability angle
Jaishankar should ask why he can’t buy an Indian made EV, instead of criticizing Indians buying Chinese made EV’s. 😂😂😂
Whatever...Divinity and Security is the mainthing that everyone should understand...
Other markets exists too
Idiot person... bmw ev even built in India..
Don't worry bro... Your analysis is based limited facts... India will lead the world sooner than our expectation..
the best thing is that we the customers should boygot the purchase of ,"made in china product" 😊
Better business to better relationships rather than conflicts which the EU & US love
Very true
There may be some infrastructure needed but Indian Businesses should stop business with China at the earliest.
Maybe Mr J should try to be a businessman first.
Make manufacturing easy. Make india a manufacturing superpower. Nobody wants to buy from outside if it's available in India
There is guarantee of the source countinuition .
You poke china and expect china not to response. You send navies to China's south china sea. Do you expect china not to respond.
The world is big enough for economic cooperation and to negotiate peace along the border. But for India to continue to be confrontational towards your neighbour inspite of being BRICS main member is not good for your future.
Same thing happening in Nepal, too much dependence on India caused all the problem.
Then depend on china, they will fu*k you for free
This issue has been nagging me for a while. How ungrateful our people are to buy things from China when they attempt to gobble our land. Good Dr. Jayashankar openly expressed his anguish! Once the elections are over, RSS should take up this issue with the business community and effectively discourage them from dealing with China. Remember, We boycotted Maldives
Every 2-3 months the govt. plays the china card and expects us not to buy from China, but still govt. is not able to raise the defense budget to 100bn usd.
That's a very weird attitude by the GoI.
Brother we still are in growing phase but it take time to achieve and about defence budget for ur information u can see in last 10 year how much govt have spend as compared to 2014.
@@anup730 bro ye politician kavi nai sudrega koi v party ho sab ek hi hai bas khud ka voro so hum apne needs or apne hesiyat k hisab se jaha axa or sasta mile woi lele
This is really serious we should became self dependent
Easy to say but I'm in market for a 25k phone and my options are limited to Chinese brands mostly other companies simply don't offer the same value and specs
Well India and government has to take strict rules because business people in India won’t change nor the people
jaishanker ji das saal se aapki serkar thi tab aap adani ke saath china ki chaat-te rahe ab hamare businesses ko warning de rahe ho so aapke ke bas ki baat nahin , aap chalo gher baitho
Because you have not given enough leverage to MSME sector.
We have to rely on chinese manufacturers, and we sell those at competitive prices in India.
Serious warning very much in advance. First save your own businesses from disappearing any day. Manufacturers unite together, create your own large scale resources for raw materials - make government partener for funds on win win terms and Modi's government will be too happy to fund you in billions for manufacturing in India. Mr. SJ is man of wisdom and Modi ji is man far sighted vision. Save your self from doom
To eliminate dependency on China government should impose duties mercilessly. Damn to WTO. Indians have least nationalism. We understand only stick. And government should identify the critical areas of dependency and go all out to zero it.
Its because Government is not doing enough for ease of doing business.. Its difficult to export products due to abnormally high turnaround times at ports, transportation cost and raw material costs are very expensive here in India. So importing certain goods is cheaper than sourcing it from within the country. Its easy to say this but many reforms are required to actually implement it. People are buying from China because they have no other option and because they want to produce and price their products in an affordable margin.
Moreover, many industries have no other option but to import from China because products are simply not available here in Indian market.. eg wide range of electronic products , cameras, semi conductors, machinery parts and equipments, rare earth elements etc.. what is government doing to start these industries here ? Nothing much on ground tbh. So far its all talks no action
Government is busy in distributing free bies to poor but is not investing in quality education so that poor can make a living on their own. Government has absolutely no investment towards R&D and then expects to have tech produced out of thin air, lack of government subsidies to industries who can revolutionize the market.. The only thing the politicians are busy in are never ending elections ! So please ... Stop lecturing and start seeing why is this the case
@@kishu222
Infrastructure highways construction has gone on rapid pace.... ports, airports are modernised, & new ones have been set up., high speed rail connectivity is pretty good, digitisation is the envy of the world.
What Modi govt has ignored are the key areas: govt spending on education , health, practical vocational training of millions of unemployed youth & recent graduates are jobless, govt & private sector spending on R & D negligible
All governments of S E Asia, Japan Korea & Western countries spend 5 or 6 times more than India on all above areas which enabled a ū
a competitive economy, attract fdi at scale, rapid job creation, technological innovation etc..
The government can form a Task Force comprising of senior officials & experts from various ministries, agencies & fields to seriously look into the ways of reducing imports by producing locally.
Where is the alternative to Chinese machinery at similar costs for Indian businesses?
Business is Business Jaishankar, you can't just warn the Indian companies for buying stuff from china over political aspects. You are a foreign minister, if you don't know don't know such economical aspects with trade then just don't speak out about this
Yes, He can Warn them..
If indians also boycott Tik Tok why not Chinese Goods 😊
What if citizens of india start to avoid Chinese goods, be it Chinese battery-tata nexon
Why don't you mind your own business? Our EAM is speaking and waring to his own country men, what's your problem.?
@@manjupradhan7159what?? 😂 I'm just saying that whatever he was saying in the video is dumb and stating facts. Why are you interfering my business in the comment? If you have something to say then say it here, otherwise don't. Just simple as that
@@EmilyRouge I ve no issue in your comments unless you are commeting on our government or people . We don't feel he is being dumb so I'm commenting at your comment. As simple as that.
why did you get "Statue of Unity" made in China?.
Half of Gujju Business men depend upon china for their livelihood.