China’s tabloid criticizes India’s manufacturing sector
The Chinese government’s tabloid, Global Times in a article, has pointed out the flaws in India’s manufacturing sector by mentioned that it isn’t very competitive. The article went on to point out how the Indian media is repeatedly pointing fingers at China for trying to keep India out of the Nuclear Suppliers Group (NSG).
As everyone knows, China has become the world’s largest manufacturer of goods due to its large economies of scale. India, through its ‘Make In India’ program is trying to woo investors to consider India as a manufacturing hub by promising better governance, tax breaks, and improved infrastructure. But the Chinese newspaper thinks it isn’t quite working out.
To put things in perspective, China and India are two very different countries and economies. Both have their own set of advantages and disadvantages. Obviously the state-run tabloid is bound to have a poor opinion of India because it would like China to be the manufacturing king, if you can call it, for a long time. As is the case with any kind of competition, you would always want to eliminate competition when it is springing up and this is exactly what China is trying to do.
Sure, there are problems between the two countries and the article clearly mentions how the two countries cannot be ‘true friends’ due to many issues like NSG, border disputes, and India’s opinion on South China Sea claim of China.
Let it be clearly known that India is on a cusp of a revolution and while healthy criticism is always welcome, cynicism is not appreciated. China’s growth story was and will be very different from that of India’s as our RBI Governor, Dr. Raghuram Rajan has mentioned. He also mentioned that there is no place in the world for two Chinas.
We should be a consumption oriented economy because of the people’s propensity to spend money so his suggestion of Make In India as Make For India also makes sense.