Tom M
SENIOR MEMBER
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- Sep 8, 2016
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"Let the Indian authorities bark about the growing trade deficit with China. The fact of the matter is they cannot do anything about it."
India can very well decrease or even stop all imports from China even if we have to pay much higher price for the same goods (and of-course at better quality) for other countries.
Is it like China produces something exclusive that no one in the world ever produced ??
The question is can China afford to completely loose a big Market like India ?? It's a big NO
As long as the trade deficit exists in China's favor, they can't afford to loose India as a trading partner, the sooner they recognize it the better. That said the recent social media and other "Boycott Chinese Goods" campaign didn't affect there last weeks festival sales. But if the government takes a hard decision, then surely there will be some implications given the fact that China is India's biggest Import partner.
https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_India