Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | The myth of India’s import dependence -Rathin Roy    </title>
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In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without..."/>
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In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without..." />
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                            <p style="text-align:justify">-Business Standard/ NIPFP</p><p style="text-align:justify"><em>In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism.</em><br />&nbsp;<br />If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade. How would the Indian economy be hit in such a situation? That would depend on the extent to which India is able to do without Chinese imports and investment.<br />&nbsp;<br />In this extreme circumstance, the situation is not dire. First, thanks to the Covid pandemic, global trade is declining and India&rsquo;s exports and imports are falling, the latter more than the former.&nbsp; So, we are importing less of everything, including from China. Second, organic chemicals are the biggest single import from china; but these can be procured easily, albeit more expensively, from other countries. Imports of electrical machinery from China, the other major strategic good have been declining since 2017 and a combination of falling trade activity, alternative sourcing plus increased domestic production, will enable us to weather any shock. The rest&mdash; plastics, smartphones, automobile parts, fast moving consumer goods and toys, among others &ndash; essentially feed the consumption of India&rsquo;s elites and no great harm will be done in a crisis if we consume much less of these. Finally, Chinese inward investment is not large, and the optics of investment in start-ups obscures the fact that they are in strategically insignificant areas like financial services and food delivery operations. It is true that two-thirds of inputs for India&rsquo;s pharma industry are sourced from China but most of these can easily be made in India, albeit more expensively.</p><p style="text-align:justify">Please <a href="https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/" title="https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/" class="re" target="_blank">Business Standard/ NIPFP, 3 July, 2020, https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/</a><div class="clear"></div>
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In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without..."/>
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                            <p style="text-align:justify">-Business Standard/ NIPFP</p><p style="text-align:justify"><em>In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism.</em><br />&nbsp;<br />If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade. How would the Indian economy be hit in such a situation? That would depend on the extent to which India is able to do without Chinese imports and investment.<br />&nbsp;<br />In this extreme circumstance, the situation is not dire. First, thanks to the Covid pandemic, global trade is declining and India&rsquo;s exports and imports are falling, the latter more than the former.&nbsp; So, we are importing less of everything, including from China. Second, organic chemicals are the biggest single import from china; but these can be procured easily, albeit more expensively, from other countries. Imports of electrical machinery from China, the other major strategic good have been declining since 2017 and a combination of falling trade activity, alternative sourcing plus increased domestic production, will enable us to weather any shock. The rest&mdash; plastics, smartphones, automobile parts, fast moving consumer goods and toys, among others &ndash; essentially feed the consumption of India&rsquo;s elites and no great harm will be done in a crisis if we consume much less of these. Finally, Chinese inward investment is not large, and the optics of investment in start-ups obscures the fact that they are in strategically insignificant areas like financial services and food delivery operations. It is true that two-thirds of inputs for India&rsquo;s pharma industry are sourced from China but most of these can easily be made in India, albeit more expensively.</p><p style="text-align:justify">Please <a href="https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/" title="https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/" class="re" target="_blank">Business Standard/ NIPFP, 3 July, 2020, https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/</a><div class="clear"></div>
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        LATEST NEWS UPDATES | The myth of India’s import dependence -Rathin Roy    </title>
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In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without..."/>
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In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without..." />
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                            <p style="text-align:justify">-Business Standard/ NIPFP</p><p style="text-align:justify"><em>In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism.</em><br />&nbsp;<br />If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade. How would the Indian economy be hit in such a situation? That would depend on the extent to which India is able to do without Chinese imports and investment.<br />&nbsp;<br />In this extreme circumstance, the situation is not dire. First, thanks to the Covid pandemic, global trade is declining and India&rsquo;s exports and imports are falling, the latter more than the former.&nbsp; So, we are importing less of everything, including from China. Second, organic chemicals are the biggest single import from china; but these can be procured easily, albeit more expensively, from other countries. Imports of electrical machinery from China, the other major strategic good have been declining since 2017 and a combination of falling trade activity, alternative sourcing plus increased domestic production, will enable us to weather any shock. The rest&mdash; plastics, smartphones, automobile parts, fast moving consumer goods and toys, among others &ndash; essentially feed the consumption of India&rsquo;s elites and no great harm will be done in a crisis if we consume much less of these. Finally, Chinese inward investment is not large, and the optics of investment in start-ups obscures the fact that they are in strategically insignificant areas like financial services and food delivery operations. It is true that two-thirds of inputs for India&rsquo;s pharma industry are sourced from China but most of these can easily be made in India, albeit more expensively.</p><p style="text-align:justify">Please <a href="https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/" title="https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/" class="re" target="_blank">Business Standard/ NIPFP, 3 July, 2020, https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/</a><div class="clear"></div>
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The myth of India’s import dependence -Rathin Roy

Published on Jul 3, 2020   Modified on Jul 3, 2020

-Business Standard/ NIPFP In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism.   If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade. How would the Indian economy be hit in such a situation? That would depend on the extent to which India is able to do without Chinese imports and investment.   In this extreme circumstance, the situation is not dire. First, thanks to the Covid pandemic, global trade is declining and India’s exports and imports are falling, the latter more than the former.  So, we are importing less of everything, including from China. Second, organic chemicals are the biggest single import from china; but these can be procured easily, albeit more expensively, from other countries. Imports of electrical machinery from China, the other major strategic good have been declining since 2017 and a combination of falling trade activity, alternative sourcing plus increased domestic production, will enable us to weather any shock. The rest— plastics, smartphones, automobile parts, fast moving consumer goods and toys, among others – essentially feed the consumption of India’s elites and no great harm will be done in a crisis if we consume much less of these. Finally, Chinese inward investment is not large, and the optics of investment in start-ups obscures the fact that they are in strategically insignificant areas like financial services and food delivery operations. It is true that two-thirds of inputs for India’s pharma industry are sourced from China but most of these can easily be made in India, albeit more expensively. Please click here to read more.

Business Standard/ NIPFP, 3 July, 2020, https://www.nipfp.org.in/blog/2020/07/03/myth-indias-import-dependence/

Tagged with: Exports Imports International Trade Global Trade China Import Dependence Trade Balance Galwan Valley Ladakh

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