External Affairs Minister S Jaishankar on Thursday blamed Indian corporates for not developing proper sourcing agreements. Expressing concern over the trade imbalance with China, he said that businesses are also responsible for the trade imbalance. Speaking at the Asia Economic Dialogue, S Jaishankar said that the government is doing its job by bringing policies like emphasizing self-reliant India.
Trade imbalance a serious issue: External Affairs Minister
Describing the challenge posed by the trade imbalance with China as very serious, External Affairs Minister Jaishankar said that the responsibility of balancing trade lies not only with the government, but equally with businesses.
“We did not get the kind of support we should have got from Indian corporates in terms of integration, vendor supply, components, and parts, ingredients, and intermediates,” he said.
Reducing manufacturing is not good for the country: S Jaishankar
Let us tell you that many people including former Governor of Reserve Bank of India Raghuram Rajan have asked India to focus on services. On this issue, S Jaishankar warned that those who talk of reducing manufacturing are harming India's strategic future.
India's trade deficit with China crosses $100 billion
Explain that the trade between India and China has increased to an all-time high of $135.98 billion in 2022. Apart from this, India's trade deficit with China has crossed $100 billion.
India-China trade is set to grow by 8.4 percent to US$ 135.98 billion in 2022, according to data released by China's customs department. Last year this figure was 125 billion dollars.
The Supreme Court has taken suo motu cognizance of the death of three students preparing for UPSC
The opposition has agreed to support the government for the post of Lok Sabha Speaker. Congress M
Kalki 2989 AD Trailer: South Star Prabhas is in the headlines for the film 'Salaar'. Its story ha
Pakistan has secured a place in the Super Four of the Asia Cup 2025. In the match played on Septe
Jaswinder Bhalla, a well-known actor and comedian of the Punjabi industry, passed away today on 2
Stranger Things is one of the most popular web series on OTT platforms. Four seasons have been re
India entered the final by registering a win against England on Thursday. Team India defeated Eng
West Bengal Panchayat Results 2023: Mamta's big victory, but who will get an edge in 2024?
The ruling Trinamool Congress has won a major victory in the West Bengal Panchayat Election Resul
Five years have passed since the clash between the armies of India and China in the Galwan Valley
The Indian team's England tour is over, and now the next mission of Team India is the Asia Cup. B
