Hurting China or ourselves?
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India, June 26 -- The news filtering out that several container shipments from China across various Indian ports have been held up by the Customs department for intense checking should not have come as a surprise to anyone who has been following current events lately. Yes, India has become addicted to cheap Chinese products - from consumer products such as toys and smartphones to intermediate goods such as plastics and paints as well as finished capital goods. Heck, every single bronze panel on the much-touted "Statue of Unity" was finished in China simply because India did not have the casting capacity or technology. Our imports from China have grown in multiples over the past decade as cheap Chinese goods have seduced Indians, from cons...
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