The poverty and other issues made the countries sign the deal immediately but the BRI’s China-centric approach was soon uncovered when the infrastructure projects gave rise to corruption, volatility in the economy, a rise in favoritism, and destructive ecological effects.
ndia needs to make herself strong economically as once its economy remains stable then it would enhance India’s political, diplomatic and military capabilities.
From the beginning of 1980’s China saw double digit growth rate for the following 15 years and it was the time when it over took India.
India’s main Brahmastra to attract investment in the country is its cheap labour. However, it has to understand that this is also offered by many other Asian countries. So, the only hope we can have from the government is that it will bring solid reforms soon to create a conducive business environment.
This Corona Pandemic has given us a golden opportunity to make our space. If we don't do it now we might as well write our future as being subservient to the Chinese.
Government-backed Make in India, Software Technology Park Scheme, Electronics Development Fund Policy, Atal Tinkering Mission and many more such plausible initiatives are already in place. But is it still enough? Is this emotional patriotic impulse enough to sustain?
The purpose behind the Chinese orchestration of the standoff in Ladakh was in all likelihood to coerce India into exercising restraint in relation to its development of infrastructure near the LAC and to safeguard the China Pakistan Economic Corridor from any prospective Indian threat.