India goes nuts ‘competing’ with China

[damiendehorn]

Hope BD will not become next Sri Lanka

We'll be fine, the average interest rates are below 2% with 20-40 year repayments and 10 years grace. Our growth is averaging 7% (expected to reach 8%-9% in the coming years), foreign reserves over $32bn (and growing) and stable market.

 

[saurav jha]

china is not our enemy but its our natural competitor.

 

[Species]

Hope BD will not become next Sri Lanka

I'm afraid India is set to become the next Greece by defaulting after giving out so many loans that they can't afford.

 

[The BrOkEn HeArT]

India always wants Bangladesh progress. But Bangladeshis are most thankless species in the world.
Author is wrong here . This is not about competing with China when we cooperate with Bangladesh govt.
India is taking care of Bangladesh since 1971 when China was not even in game.

 

[idune]

The reason China has such enormous surplus capital to invest abroad, is because we have had massive current account and trade surpluses over the past few decades.

India on the other hand has equally large trade deficits, the majority of which is ironically owed to China every year. And it has been increasing every single year.

Besides trade deficit, indian interference and hegemonic actions widening acceptability, trust and credibility deficit even larger extent. And author of the article did not mention of that. With such all around setbacks india created over decades and still creating, will only be paid in dividend of rejection, indians can not fathom.

 

[Flynn Swagmire]

India always wants Bangladesh progress. But Bangladeshis are most thankless species in the world.
Author is wrong here . This is not about competing with China when we cooperate with Bangladesh govt.
India is taking care of Bangladesh since 1971 when China was not even in game.

There is nothing called thank in business, its purely give and take. Only thank India deserve is for 71 and every Bangladeshi thanks India for that.

 

[Species]

china is not our enemy but its our natural competitor.

Competition happens between equals fyi.

 

[Finer]

@Aung Zaya @Nilgiri

This reminds me of my previous debate with one of member.

Using GDP as point to undermine its dependency on China cannot compete with China. Precisely the same reason why Bangladesh is hesitant to sign defense treaty with India given its foreign policy that revolves around India may not be long term knowing India dependency on China in many ways, not to mention import quality stuffs from Russia and else where doesn't exactly strike confident for Bangladesh being forced to settle with poor Indian-assembled products that India has no confident of itself either nor can assemble properly never mind not being able manufacture even for basic necessity just to survive [medical accessories].

It is good to see that Bangladesh is being little hesitant and thinking how to put smart money into good use.

India always wants Bangladesh progress. But Bangladeshis are most thankless species in the world.
Author is wrong here . This is not about competing with China when we cooperate with Bangladesh govt.
India is taking care of Bangladesh since 1971 when China was not even in game.

You mean India that funds on Bangladesh to further its economical goal over the expense of Bangladesh and Bangladesh economical goal and yet you guys wonder why Bangladesh isn't inclined towards you? Irony is at best!!!

 

[Nilgiri]

@Aung Zaya @Nilgiri

Become a country that consumes more than 20,000 clunkers a year so someone actually gives a crap in the first place.

I am still astonished that Myanmar has way more cars, trucks and motorcycles than you with 3 times less population....and they are growing way faster instead of stagnating like you lot.

Maybe you are significant consumer of pole-vaults?

 

[Mage]

Become a country that consumes more than 20,000 clunkers a year so someone actually gives a crap in the first place.

I am still astonished that Myanmar has way more cars, trucks and motorcycles than you with 3 times less population....and they are growing way faster instead of stagnating like you lot.

Tell that to Mr.Bhadrakumar

 

[Nilgiri]

Tell that to Mr.Bhadrakumar

I don't see topcat tagging him here?

 

[Indika]

Guess who's gone nuts, when ppl post about India & china in bangladesh section!

 

[Mage]

I don't see topcat tagging him here?

TopCat said nothing. He quoted the OP and mentioned you and Aung Zaya. So your reply should be to Mr. Bhadrakumar

 

[saurav jha]

Competition happens between equals fyi.

Yes of course and we are equal in every aspect be it population, size etc.we are just behind them in economic development. And we are trying to catch up.nothing wrong in that

 

[Nilgiri]

TopCat said nothing. He quoted the OP and mentioned you and Aung Zaya. So your reply should be to Mr. Bhadrakumar

If he tags me, he gets my view. Don't care what some OP article says. I can only reply to people here, unless mr bhadrakumar or whoever is also a member. Aint gonna go out of my way to contact him.....people can have whatever views/impressions they want to.....not my job/desire to address/confront them all.

BD economy is really nothing to write home about. India is about to tally an export of 700,000 cars this year for example. How many will BD import? Zilch (it only imports 20,000 or so in total - mostly 2nd hand). It simply is not a market that matters much. Maybe 10 years down the line it will. In the mean time it off-takes some of our surplus capacity on some very basic items (raw goods and consumables). It has no real demand pull on value added items (with much multiplier effect) to talk about...so India will always be focused more on other markets to begin with.

Till India accumulates the buffers that China has, there is no question of going "nuts" competing in soft loans and such....not for third rate LDC markets especially....given we cannot afford to use our scarce liquidity for such dubious ROI. That will also be 10 years plus down the line at best (and I would prefer it to never happen tbh).

India's buffers are more usefully utilised vieing for actual natural resources and access to major well developed consumption markets that we need to ensure we propel ourselves from 6000 PPP per capita to 10,000 PPP per capita in the short to mid term.

How much of a 3500 PPP per capita market (growing at much slower speed) we stake into right now (beyond what can be done organically aided by soft power, shared border etc) is not our priority....and neither should be. Its simply a question of such a market proving itself and India re-analysing that seriously later.

Much higher priority is to ensure the BD political leadership stays attuned to India's fundamental concerns and cooperates on such things as security and illegal border activity.

 

[idune]

BD economy is really nothing to write home about. India is about to tally an export of 700,000 cars this year for example. How many will BD import? Zilch (it only imports 20,000 or so in total - mostly 2nd hand). It simply is not a market that matters much. Maybe 10 years down the line it will. In the mean time it off-takes some of our surplus capacity on some very basic items (raw goods and consumables). It has no real demand pull on value added items (with much multiplier effect) to talk about...so India will always be focused more on other markets to begin with.

India's buffers are more usefully utilised vieing for actual natural resources and access to major well developed consumption markets that we need to ensure we propel ourselves from 6000 PPP per capita to 10,000 PPP per capita in the short to mid term.
.....

These are type of inflated ego out of touch from reality writer has punctured by saying -

"Things don’t add up. $11 billion? That’s approximately Rs. 71,500 crores. Isn’t it incredible that the budget allocated for the Navodaya Vidyalaya Samiti in 2015-16 to run 589 schools with over 2 lakh students was a mere Rs. 1905 crores? Or that the Kendriya Vidyalaya Sanghatan, which runs 1,099 schools with over 11.7 lakh children, got a budget allocation of Rs. 3190 crore? That is, a mere 7 percent of the investments India is planning to make in Bangladesh!"

Bottom line, $11 billion or whatever hogwash india is trying to come with, india does not have ability; it is just "make in india" hogwash. Case and point, Mongolia asked india to make good on it promise of just $1 billion (not $11 billion) yet india could not deliver. That is the reality.