Chinese Media is usually very critical towards India, they don’t leave any stone unturned to prove that India’s Economy and Policies are nothing if we compare with China. Chinese Media never leave any opportunity to mock India. However this time Chinese Media has said something about India, which will make every Indian happy.
Chinese State Daily, Global Times which is a de-facto Chinese Government’s mouthpiece has lauded India’s initiatives to boost domestic production. They appreciated the Make in India initiative and termed India as “a rising star in the world’s manufacturing arena.”
Global Times, published an article saying that Made-in-India products are likely to catch up with Chinese goods in the next 10 years. “India, with a high economic growth rate and young labor force, has grown increasingly attractive to overseas investors in the manufacturing sector,” and there are every chance that India might snatch the tag of World’s Manufacturer from China.
It pointed out that “backward infrastructure and an unfavorable investment climate” may increase costs for foreign investors, however, they can still avoid import tariffs by localizing production and sales. Made-in-India products are likely to have some advantages over their Chinese counterparts, and they could also be conducive to narrowing India’s trade deficit with China in long run.
Talking about online campaigns in India to boycott Chinese products, it said, “Several organizations in India have called for a boycott of Chinese goods amid an ongoing military standoff between the two countries in the Doklam region.” Though it didn’t take the usual critical tone against Indian Consumers. If you remember, China criticized Indian Consumers, when Anti-China movement gained momentum during Diwali last year.
Commenting upon the current manufacturing scenario in India, the article noted there are complex explanations for the cost advantages of made-in-China products, such as complete domestic industrial chains, which can help cut production costs.
It further added that “India has long wanted to replace China as a global manufacturing hub but that goal cannot be achieved overnight. Given this situation, absorbing foreign investment could be a shortcut for India to realize its dream,” the article said.
The Global Times article mentioned that it’s possible for India to catch up with China in terms of production and cut its trade deficit with China in the next 10 years. However, it said that India will have to grant equal status to foreign companies as it does with local manufacturers to retain its image.
Well this is certainly shows how our opponents look at us, People in our own backyard usually criticize Make in India program and raise questions quite often. However it seems the NDA government is working with a definite plan to make India a manufacturing powerhouse, and we are sure one day India will achieve this milestone.