Latest trade data released by the government reveal that India’s trade deficit with China has claimed a lifetime high of $99.2 billion. Not only have imports grown, but exports from India to China have slowed.
More worryingly, this surge in imports is dominated by intermediate products. China is the largest suppliers in all industrial product categories.
The obvious question then is whether India’s economic sovereignty at stake?
How does India balance its economic interests with the ongoing military frictions with China? Similarily, how does India address this strategic challenge as it charts the course for an economic revival in a very divided world?
To answer all this and more, StratNewsGlobal.Tech spoke to Ajay Srivastava, Founder, Global Trade Research Initiative on Capital Calculus.
