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India could become China's 'economic slave' if the current rate of trade continues: Baba Ramdev
Ganesh Kumar Radha Udayakumar| Updated: Oct 20, 2016, 21:57 IST
HIGHLIGHTS
Baba Ramdev (TOI Photo)
NEW DELHI: Yoga guru Baba Ramdev on Thursday warned that India could become China's economic slave if it the current rate of trade between the two Asian powers were maintained.
"Five years ago, Chinese sales in India were worth Rs. 2 lakh. In five years, that has doubled," Ramdev told ANI. "This is a warning sign for our country. If the same rate of trade with China continues, it would make us their economic slave," he added.
Baba Ramdev's comments come at time when there are calls to ban or boycott Chinese goods in India.
Why? First and foremost, China has stood by its 'all-weather friend' Pakistan in the wake of the terrorist attack in Uri, which claimed the lives of 19 jawans.
But some of China's other recent diplomatic positions haven't gone down well with India either. China recently extended a technical hold on India's move to have the United Nations designate Jaish-e-Mohammed chief Maulana Masood Azhar as a terrorist. And of course, there's also the long-standing issue of China's opposition to India's Nuclear Suppliers Group membership.
The campaign against goods 'Made In China' has inspired some concrete action. For example, it's been reported that the boycott has hit Diwali sales in Meerut and New Delhi's Sadar Bazaar - the city's biggest wholesale market.
On Monday, around 55 trade and industry associations from Ahmedabad agreed to join the boycott. In addition, "various industry associations" in the Indore region have enjoined their members to refrain from buying and selling Chinese goods, and some have gone as far as to contemplate imposing penalties on regular offenders, a TOI report said on Tuesday
All this hasn't escaped China's attention.
Earlier this month, the country's state-run news agency, Global Times, published an editorial in which it complained that "Chinese products are often the victim when regional situations get tense," but said the current wave of anti-Chinese goods sentiment in India hadn't really dented Chinese businesses' prospects in India.
In another editorial published yesterday - which was written by an "an Indian-born freelance writer" living in China, the news agency described the the social media campaign against Chinese goods as "rabble-rousing," and said Indian manufacturing couldn't "compete at all with Chinese products,"
It also called Prime Minister Narendra Modi's Make In India initiative "impractical," said the labour class in India isn't "very hard working or efficient," and warned Chinese firms that it would be "completely suicidal" for them to start manufacturing projects in India.
With inputs from agencies.
http://timesofindia.indiatimes.com/...ontinues-Baba-Ramdev/articleshow/54962554.cms
Ganesh Kumar Radha Udayakumar| Updated: Oct 20, 2016, 21:57 IST
HIGHLIGHTS
- Baba Ramdev on Thursday warned that India would become China's economic slave if the current rate of trade between the two nations continued.
- His comments come at a time when there are calls for boycotting or banning Chinese goods in India.
NEW DELHI: Yoga guru Baba Ramdev on Thursday warned that India could become China's economic slave if it the current rate of trade between the two Asian powers were maintained.
"Five years ago, Chinese sales in India were worth Rs. 2 lakh. In five years, that has doubled," Ramdev told ANI. "This is a warning sign for our country. If the same rate of trade with China continues, it would make us their economic slave," he added.
Baba Ramdev's comments come at time when there are calls to ban or boycott Chinese goods in India.
Why? First and foremost, China has stood by its 'all-weather friend' Pakistan in the wake of the terrorist attack in Uri, which claimed the lives of 19 jawans.
But some of China's other recent diplomatic positions haven't gone down well with India either. China recently extended a technical hold on India's move to have the United Nations designate Jaish-e-Mohammed chief Maulana Masood Azhar as a terrorist. And of course, there's also the long-standing issue of China's opposition to India's Nuclear Suppliers Group membership.
The campaign against goods 'Made In China' has inspired some concrete action. For example, it's been reported that the boycott has hit Diwali sales in Meerut and New Delhi's Sadar Bazaar - the city's biggest wholesale market.
On Monday, around 55 trade and industry associations from Ahmedabad agreed to join the boycott. In addition, "various industry associations" in the Indore region have enjoined their members to refrain from buying and selling Chinese goods, and some have gone as far as to contemplate imposing penalties on regular offenders, a TOI report said on Tuesday
All this hasn't escaped China's attention.
Earlier this month, the country's state-run news agency, Global Times, published an editorial in which it complained that "Chinese products are often the victim when regional situations get tense," but said the current wave of anti-Chinese goods sentiment in India hadn't really dented Chinese businesses' prospects in India.
In another editorial published yesterday - which was written by an "an Indian-born freelance writer" living in China, the news agency described the the social media campaign against Chinese goods as "rabble-rousing," and said Indian manufacturing couldn't "compete at all with Chinese products,"
It also called Prime Minister Narendra Modi's Make In India initiative "impractical," said the labour class in India isn't "very hard working or efficient," and warned Chinese firms that it would be "completely suicidal" for them to start manufacturing projects in India.
With inputs from agencies.
http://timesofindia.indiatimes.com/...ontinues-Baba-Ramdev/articleshow/54962554.cms
