March 29, 2024 17:15 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi to kickstart BJP's Lok Sabha poll campaign from Meerut | Kangana Ranaut in Mandi: 'Don't think I am a heroine, consider me as your sister and daughter' | Mayawati, Akhilesh Yadav demand high-level probe into Mukhtar Ansari's death | PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63
India has 'scale, sophistication' to recalibrate economic relations with China, says noted economist

India has 'scale, sophistication' to recalibrate economic relations with China, says noted economist

India Blooms News Service | @indiablooms | 09 Jul 2020, 01:40 pm

New Delhi: At a time when the two Asian giants are witnessing a worsening of relations over a border standoff, a noted economist has said India has the 'scale and sophistication' to recalibrate its economic relationship with China and reduce interdependence.

"India has the scale and sophistication to recalibrate its economic relationship with China such that deeper interdependence reduces, rather than increases, New Delhi’s economic vulnerability," Suman Bery, non-resident fellow at the Brussels-based think tank Bruegel and a Global Fellow at the Woodrow Wilson International Center for Scholars, wrote in his opinion piece published in  East Asia Forum.

"If India wishes to maintain distance from both the United States and China, then its best option is to engage with coalitions of ‘middle powers’ that share some of India’s concerns on the non-market behaviour of Chinese entities while maintaining commercial contact with China," the economist said.

"Europe has been working (with the WTO) to develop disciplines on state-owned enterprises and investments in strategic sectors without imposing blanket bans, though similar disciplines may then be imposed on India in its negotiations with the European Union. Were India to reconsider engaging with RCEP, this would allow it to cooperate with Japan, Australia and South Korea in fashioning relevant rules,"   Suman Bery said.

Bery said the Ladakh border may require the Modi government to rethink its path to self-reliance.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
PM Modi in Bhutan 22 Mar 2024, 06:53 pm
PM Modi in Tamil Nadu 28 Feb 2024, 07:07 pm