India’s trade deficit with China jumps to $53 billion in 2015-2016

[Shotgunner51]

Do you think Trump would be able to correct some of the mistakes?

I see what he says mostly is just looking tough and get the best deal out of China and Japan (and making Mexican pay for the wall across the border on the US side), but, realistically, would a Trump style protectionism work?

His geopolitical ideas seem right and potentially might inflict damage on US web of military hegemony in East Asia and Europe, but, economically, I feel there is much for success than having strong negotiation skills.

Those are no trivial "mistakes" my friend, those are real monies. Money talks, "geopolitics" BS walks.

No matter how dramatic or entertaining it might seems, electioneering is one thing, running an office is another. Moreover it's not just about the White House, don't forget well established bureaucrats and of course, the Congress. Actors on stage may change, show titles may change, behind-the-scene investors are always the same.

So no, I don't see any fundamental change will happen to the already well established food chain. Despite being a debtor nation, largest in fact, dollar will "miraculously" stay strong, interests rate "miraculously" stay low, then consumption and imports strong --> high GDP --> tax regime continues --> "superpower-level" defense related expenditures (DoD, CIA, NSA, "black ops", "military aid" ...) --> high deficits continue --> debts continues to pile up --> international investment position continues to sink (according to current momentum, position is sinking at a staggering $1 trillion per annum), until .... no end in sight?

The U.S. net international investment position at the end of the 4th quarter of 2015 was -$7.2806 trillion (revised), at the end of the 1st of 2016 was −$7.5256 trillion (preliminary), position further sunk by $245 billion in just one single quarter.
https://www.bea.gov/newsreleases/international/intinv/intinvnewsrelease.htm
​

 

[Dungeness]

Hmmm not even comparable..


http://www.asiabriefing.com/news/2013/07/comparison-minimum-wages-in-china-and-india/

It should be noted that in China, a mandatory welfare payment is added to the minimum wage as paid by the employer and this typically adds an average 30 percent to 50 percent on top of the minimum wage identified above. India does not levy a uniform welfare payment upon salaries, and this can either be discounted completely or is a typical maximum of 10 percent of wages.

Well, I was surprised to learn in the other thread that the vast majority of Indians do not have any retirement benefits, and even there is no uniformed legal retirement age in India , except for those government employees. That explains the puzzling news the even PhD holders were among candidates competing for janitor jobs in government.

A large country where majority people don't even know what retirement benefits are, yet, some of our Indian friends are talking like India is THE emerging superpower. Something just don't add up, or maybe there is something called "Developing Superpower"?

 

[TaiShang]

Well, I was surprised to learn in the other thread that the vast majority of Indians do not have any retirement benefits, and even there is no uniformed legal retirement age in India , except for those government employees. That explains the puzzling news the even PhD holders were among candidates competing for janitor jobs in government.

In most developing countries, government positions with lower salary are much preferred over private sector jobs because of the job security benefits. India is probably a prime example of this.

 

[ashok321]

Where are Modi lovers on India's trade imbalance with China?

Ashamed? because do-nothing Modi is not able to do nothing against this?

 

[ashok321]

Idiot... in 3yrs what u can expect from him???
This all mess just b3couse of ur 60y loved govt....

Why they didnt do in 60yrs....???? Idiot

It was India before, it is India now.
India is a democracy, previous government also was voted by Indians.
Its all India = Yesterday, today.
Tomorrow I do not know.

 

[SBUS-CXK]

Idiot... in 3yrs what u can expect from him???
This all mess just b3couse of ur 60y loved govt....

Why they didnt do in 60yrs....???? Idiot

Please stop insulting comments!

 

[TaiShang]

Their mentality is the biggest killer of themselves.
And their speed of job creation is way slower than their speed of young people entering work age...
A disaster in the making

They missed the dirty development stage. The country is still dirty, but it is not becase of manufacturing but because of poverty. This is not to belittle the society or bemused by its problems (every society has their own particular problems), but, it shows the narrow-mindedness of politicians, which is unfortunate for India.

I believe Southeast Asian countries are the nearest to become major manufacturing powers, especially those favored by China (itself developing nation) or other major industrial powers such as Japan. India is probably receiving substantial FDI, but, the size of its problems (including population) is too big to be satisfied by several ten billion USD of foreign investment.

You can't deprive them of their right to not be informed.

 

[AndrewJin]

They missed the dirty development stage. The country is still dirty, but it is not becase of manufacturing but because of poverty. This is not to belittle the society or bemused by its problems (every society has their own particular problems), but, it shows the narrow-mindedness of politicians, which is unfortunate for India.

I believe Southeast Asian countries are the nearest to become major manufacturing powers, especially those favored by China (itself developing nation) or other major industrial powers such as Japan. India is probably receiving substantial FDI, but, the size of its problems (including population) is too big to be satisfied by several ten billion USD of foreign investment.

The status of East Asia-ASEAN and several manufacturing powerhouse outside this region such as Germany is only being strengthened day by day. The ongoing technological revolution is blowing disastrous wind to a lot of deveoping countries outside this region and to a lot of old-style developed countries as well. The world is reshaping.
@Götterdämmerung @Mista @CAPRICORN-88

 

[SBUS-CXK]

Narrow trade deficit by selling Indian things. Are you a girl too? Sarees look good on everyone, buy one...or two... or three

Mangoes taste wildly different depending on variety. Once you try Indian mangoes you will never want anything else.

If we can develop a train line from India --> Myanmar --> China we can bypass all those other countries and delays.

Since you guys make basically everything we can only sell stuff unique to India

Sarees is beautiful, the hope can smoothly enter the Chinese! I will buy him. Welcome to the Indian products into China.

But Indian friends don't try our car?

HAVAL H6, China Great Wall motors, SUV sales champion in China for 12 years, he is the wise choice!

 

[TaiShang]

HAVAL H6, China Great Wall motors, SUV sales champion in China for 12 years, he is the wise choice!

My favorite!

 

[Jlaw]

They missed the dirty development stage. The country is still dirty, but it is not becase of manufacturing but because of poverty. This is not to belittle the society or bemused by its problems (every society has their own particular problems), but, it shows the narrow-mindedness of politicians, which is unfortunate for India.

I believe Southeast Asian countries are the nearest to become major manufacturing powers, especially those favored by China (itself developing nation) or other major industrial powers such as Japan. India is probably receiving substantial FDI, but, the size of its problems (including population) is too big to be satisfied by several ten billion USD of foreign investment.

I think China will continue to become a manufacturing powerhouse. Imagine that China automate at break neck speed. Now how many SE Asians will it take to produce the same capacity as Chinese + automation? All the SEA countries combine will not surpass China

Sarees is beautiful, the hope can smoothly enter the Chinese! I will buy him. Welcome to the Indian products into China.

But Indian friends don't try our car?

View attachment 323274
View attachment 323275
View attachment 323276
View attachment 323277
HAVAL H6, China Great Wall motors, SUV sales champion in China for 12 years, he is the wise choice!

Keep in mind that educated Indian MBA make only $148 US/ month. How much would non educated Dalit make?

 

[Mista]

I was just responding to his absurd "China has ruined US economy" accusation. China didn't decide the dollar's high purchasing power and hence their weak industrial competitiveness, nor does China pocket away American public's hard earned tax money. Who is stealing from American taxpaying public? Japan and Germany have risen from ashes, so are SK and Taiwan, in fact they score massive trade surplus against both China and US, blame them too? American public better look inward for reasons why the once largest and only creditor nation after WWII now ends up as largest debtor nation on this planet.

Anyway thanks bro for reminding!

That's right. That's free economics. Trade and investments are mutually beneficial for both China and the US.

 

[ashok321]

Please stop insulting comments!

When these low life people do not have adequate defense, they resort to abuse.
This only tells you that there is no substance.
Only smoke, no fire.

 

[rott]

Indian pharmaceutical companies have a bright future in China if they can get their generic medication approved. I've heard nothing but good things from people that bought their drugs online from India. Even doctors say they're of good quality with great prices.

I know a friend who does export medicines to China from India as we speak. I can give his phone number if anyone wishes to deal with him. I know him well. He's a Chinese - born Indian.
All one needs to say is, "Julian from Canada gave me your number."

 

[rcrmj]

Lol.. is that comparable, with same size of population, china is five time, economically that of india, that means china will have 5time per capita, approx. So Chinese are earnings more and paying more that all. So if you want to compare compare indian wage, make it 5 times and see whe pay more and who less. Inflation rate in india is way higher than that of china, another problem.

your usual Indian style deluded and ignorant assumption ```` that bar shows the minimum income few years back``but average wages are at least 2 times over that bar stated```

and there is no such thing as you said, you paid less than China for same thing```considering your primitive society, you cant make anything from screw to big machinery``they all have to be imported, paid with dollars, and your poor people also have to pay the converted premium, understand kid``

p.s as far asf classic middle-class consumption is concerned, Chinese consumed more than 10 times of classic middle-class goods than India````while your so-called ludicrous 10 dollar per day middle class people are struggling to make ends meet