Business & Finance
Modi Adviser Urges India to Seek More Chinese Investment, Trade
Key Points
Modi Adviser Urges India to Seek More Chinese Investment, Trade India should deepen economic ties with Beijing by opening the door to greater Chinese investment and reconsidering regional trade pacts as shifting geopolitics make the US a less dependable partner, an adviser to Prime Minister Narendra Modi said. Rather than relying on protectionist policies, India should leverage its low manufacturing wages to attract capital from Asia’s largest economy in an effort to create jobs and boost...
Modi Adviser Urges India to Seek More Chinese Investment, Trade
India should deepen economic ties with Beijing by opening the door to greater Chinese investment and reconsidering regional trade pacts as shifting geopolitics make the US a less dependable partner, an adviser to Prime Minister Narendra Modi said.
Rather than relying on protectionist policies, India should leverage its low manufacturing wages to attract capital from Asia’s largest economy in an effort to create jobs and boost exports, Rakesh Mohan, a part-time member of Modi’s Economic Advisory Council, said in an interview on Thursday.