Updated
Updated · Bloomberg · Jul 17
Modi Adviser Urges India to Reopen China Investment, Reconsider Regional Trade Pacts
Updated
Updated · Bloomberg · Jul 17

Modi Adviser Urges India to Reopen China Investment, Reconsider Regional Trade Pacts

3 articles · Updated · Bloomberg · Jul 17

Summary

  • Rakesh Mohan, a part-time member of Modi’s Economic Advisory Council, said India should deepen economic ties with China by allowing more Chinese investment and rethinking regional trade arrangements.
  • Mohan argued shifting geopolitics have made the US a less dependable partner, making closer economic engagement with Beijing more important for India.
  • He said India should rely less on protectionism and instead use its low manufacturing wages to attract Chinese capital, create jobs and lift exports.

Insights

Will more Chinese investment create jobs in India or simply worsen its massive trade deficit?
As U.S. relations fray, is India's economic outreach to China a tactical move or a major geopolitical shift?