• Friday, April 19, 2019

‘Make in India’ campaign may wilt under US pressure

Discussion in 'World Affairs' started by TaiShang, Feb 12, 2019.

  1. TaiShang

    TaiShang ELITE MEMBER

    Messages:
    25,319
    Joined:
    Apr 30, 2014
    Ratings:
    +72 / 90,540 / -2
    Country:
    China
    Location:
    Taiwan, Province Of China
    ‘Make in India’ campaign may wilt under US pressure

    By Hu Weijia Source:Global Times Published: 2019/2/11 22:05:27


    US President Donald Trump's trade policy won't only affect China while leaving India unaffected.

    After sinking into the trade conflict with China, the US is reportedly considering a possible withdrawal of zero tariffs for India.

    According to Reuters, the US Trade Representative is completing a review of the country's trade concessions to India, under which the emerging economy now enjoys zero tariffs on $5.6 billion of exports to the US.

    With the "Make in India" campaign initiated by the Modi administration, India is in a period of rapidly developing industrialization. If all goes smoothly, India's trade surplus with the US will continue to widen. This will be impossible for the US to turn a blind eye to at the same time as Trump complains that the US buys more from China than China buys from the US.

    If India wants to make itself the next world factory after China, the country will soon or later feel the chill of an economic conflict with the US under Trump's trade policy. The more successful the "Make in India" campaign is, the sooner US protectionist tariffs will come.

    Compared with the trade conflict between China and the US, bigger trouble lies in store for India. In the initial stage of its industrialization process, India urgently needs the US market.

    Although made-in-India products have begun to enter Americans' lives, a stable customer base has not yet been established. India's exports to the US may suffer a blow if the US increases its tariffs on those products.

    Trump's trade policy is having a profound effect on the global value chain and will result in global manufacturing redistribution. India, an emerging but still relatively underdeveloped manufacturing country, has less endurance than China for a trade conflict amid a redistribution of global manufacturing investment and capacity.

    As India and Southeast Asian countries like Vietnam engage in fierce competition for investment in the manufacturing sector, Trump's trade policy has added further uncertainties to India's manufacturing growth.

    Ahead of a general election due by May, Indian Prime Minister Narendra Modi is facing growing discontent as people question whether his reforms can create enough jobs for Indian youth. If US tariffs hit India's manufacturing sector and drive up the unemployment rate, the Modi administration will feel more pressure from the Indian public as the vote is coming closer.

    http://www.globaltimes.cn/content/1138528.shtml
     
  2. nahtanbob

    nahtanbob SENIOR MEMBER

    Messages:
    3,178
    Joined:
    Sep 24, 2018
    Ratings:
    +0 / 849 / -11
    Country:
    United States
    Location:
    United States
    India trade surplus with USA is $27 billion
    Corresponding numbers for china is $323 billion
     
  3. long_

    long_ SENIOR MEMBER

    Messages:
    4,034
    Joined:
    Jul 7, 2016
    Ratings:
    +0 / 13,066 / -0
    Country:
    China
    Location:
    China
     
    • Thanks Thanks x 1
  4. TaiShang

    TaiShang ELITE MEMBER

    Messages:
    25,319
    Joined:
    Apr 30, 2014
    Ratings:
    +72 / 90,540 / -2
    Country:
    China
    Location:
    Taiwan, Province Of China
    Kill the potential threat before it becomes an actual threat.

    MAGA and Make in India are mutually exclusive.

    :lol:
     
  5. Jlaw

    Jlaw ELITE MEMBER

    Messages:
    9,633
    Joined:
    Nov 6, 2013
    Ratings:
    +1 / 20,867 / -23
    Country:
    China
    Location:
    Canada
    kill the baby elephant before it becomes a bull. US not stupid. in fact if you're a real white American you should be happy. Only unhappy americans are Indians. MAGA, not MIG.



    ''

    [​IMG]
     
    • Thanks Thanks x 3
  6. nahtanbob

    nahtanbob SENIOR MEMBER

    Messages:
    3,178
    Joined:
    Sep 24, 2018
    Ratings:
    +0 / 849 / -11
    Country:
    United States
    Location:
    United States
    you take care of actual problems before dealing with potential problems
    the last time I checked India is not propping up North Korea
     
  7. TaiShang

    TaiShang ELITE MEMBER

    Messages:
    25,319
    Joined:
    Apr 30, 2014
    Ratings:
    +72 / 90,540 / -2
    Country:
    China
    Location:
    Taiwan, Province Of China
    Let's see how India will respond. Baby elephant has a lot way to go to counter real US pressure on trade. I guess the US learned a lesson from China.

    China is already too late, but, India is the easy prey for them, perhaps.
     
    • Thanks Thanks x 1
  8. nahtanbob

    nahtanbob SENIOR MEMBER

    Messages:
    3,178
    Joined:
    Sep 24, 2018
    Ratings:
    +0 / 849 / -11
    Country:
    United States
    Location:
    United States
    Japan, Vietnam and India are the main hedges in Asia against China
    nobody is damaging their hedges