Subrata Majumder
At present, Chinese investment is almost barred in India in the wake of security concerns. All Chinese investments are subject to government approvals. They are not permitted through the window of Automatic Approval under the Foreign Investment policy of India.
Nevertheless, recently there was a turnaround in the outlook towards Chinese investment in India. Leaving aside security concern, a new thought was evoked in favour of Chinese investment.
Economic Survey 2023-24 – one of the important official documents for economic policy – advocated Chinese investment in India with the perspective of growth in manufacturing. It emphasized that partnership with China was imperative to increase manufacturing and boost supply chain. It intended to unfold a new chapter in India’s foreign Investment policy, where focus should be made on FDI as an weapon to reduce imports . China is the biggest import source of imports for India.
No comments:
Post a Comment