Should India agree to RCEP
If India signs up to regional economic co-operation program, import duties will get cut on many many items coming from china, australia, newzealand. Consumer will benefit as prices of goods will drop but domestic industry will get killed.
In case of Dairy prices of milk will drop to less than half but farmers relying on milk supply as livelihood will loose it.
What should India do. LC should do polls if appropriate and guide Govt.
Dairy sector info!
Australia=5700 farms, avg= 261 cows
NZ=11590 herds,avg=431 cows
India=7.5 crore farms, avg=1-2 cows more
In case of Dairy prices of milk will drop to less than half but farmers relying on milk supply as livelihood will loose it.
What should India do. LC should do polls if appropriate and guide Govt.
Dairy sector info!
Australia=5700 farms, avg= 261 cows
NZ=11590 herds,avg=431 cows
India=7.5 crore farms, avg=1-2 cows more
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In economic parameter we are no where near China.We have to understand our position and then only take any drastic step.Do not copy cat what America has done with China,we can also do the same.Both are Giants in economic level. more
Oct 11
Just like USA has initiated trade war with china india must start the same. Today every indian house whether it is middle class or upper class is equipped with one or multiple numbers of Chinese articles which is really destroying indian manufacturing system. At the same time india must encourage indian production/manufacturing system. I have shared many times in past how to boost up the indian manufacturing system. more
Sep 30
India manufacturing base of essential items is much lesser than the requirements. We even import steel from China. We import crude. Our cost of production is not competitive with Chinese inputs. Lot needs to be done on Manufacturing & Agriculture costs. more
Sep 30
Whether Indian exports to the group countries will increase? What are the items which we can export to these countries? A through analysis of the overall situation has to be studied in detail before agreeing to open up our market. Already the balance of payments is hugely in favour of China and by opening up it will be more so. Therefore so long as other countries, especially, China is getting advantage and we are at a disadvantage the arrangement should not be done more
Sep 30
