When China faces an overcapacity in its steel and aluminium sectors, India faces a deluge of those products, which hurt domestic producers. But any sharp fluctuation in the fortunes of the Chinese economy is unlikely to leave the Indian economy, or for that matter, any major economy unscathed. One might have imagined that the apparent slowdown in Chinese economy, after years of excessive investment spending, would have reduced China’s influence over the global economy. The boycott-China group is, perhaps, also unaware of the profound dependence of the Indian economy on Chinese imports, especially in high-technology imports. Whether such calls come from social media campaigns or industry lobby groups, they often tend to hurt the Indian economy.

Source: Mint October 24, 2016 03:11 UTC