 |
 |
|
Just
Year Say
Ram
Jethmalani finds few takers for his allegations that Chief Justice Anand
is functioning beyond retirement age.
|
|
|
| |
Home |
|
 |
| |
From The Editor In Chief
In
1962, China took India by surprise when its soldiers crossed the Himalayas,
mowing down Indian defences. Our neighbour still believes in surprise
and scale. Only the battle is now shifting to the marketplace. From corporate
boardrooms to Parliament, from business papers to television chat shows,
one topic that has dominated the national agenda this past month is the
apparent flood of Chinese-and other east Asian-products. My only recollection
of Chinese products in the past has been of pens, balms and crockery.
Smuggled across the borders for years, even these products were known
for their value for money-they were lower priced and better in quality
than their Indian substitutes. But now that import licensing has all but
gone and customs duty rates have been slashed, Chinese products are coming
through regular trade routes-in a deluge. As an India Today team comprising
Associate Editors V. Shankar Aiyar in Mumbai and Rohit Saran in Delhi
and Principal Correspondent Arun Ram in Chennai found out, the consumer
can now buy everything from a pocket calculator to a VCD player at a third
or fourth of the price of the Indian alternative. Just the import of electronic
goods from China has shot up almost five times in four years-from $52
million in 1996-97 to $176 million (Rs 810 crore) in 1999-2000.
Reaction
from Indian industry and the Government has been a little confused. There
are demands for protection in the form of barriers like imposing Indian
quality standards on imported goods. At best these will be temporary relief
since most east Asian products are anyway of better quality and cost less.
China's real competitive strength lies in its efficient, abundant infrastructure
and economies of scale. That is what is desperately lacking in India.
Says Aiyar: "Opening up of markets should have been an opportunity.
Thanks to snail-paced reforms we are instead talking about survival."
The strategy for India should be to build stronger trade ties with China
which promote mutual prosperity and bonhomie. The 1950s were the years
of Hindi-Chini Bhai Bhai. Now it is the era of Hindi-Chini buy buy.

(Aroon
Purie)
Top
|
|
|
METRO TODAY |
| |
MetroScape |
|
|
| |
MetroScape
Signor
Style
At a Benetton store in Delhi's Greater Kailash I market, the
billionnaire Italian sportingly donned a bandhini turban for the benefit
of the non-stop flashbulbs.
more...
Looking
Glass
Delhi:
Restaurants
Mumbai:
Cafe
|
|
Web
Exclusives |
|
 |
COLUMNS |
|
|
|
|
Enron
symbolises everything that's wrong with the way reforms were handled by
M/s Rao & Manmohan, says INDIA TODAY Associate Editor
V. Shankar Aiyar in
Au ContrAiyar.
|
|
 |
DESPATCHES |
|
|
|
|
That's what the Archeological Survey of India believes the hike in entry
fee at key heritage sites will achieve. But the tourism industry is sceptical,
writes INDIA TODAY Principal Correspondent Farah Baria in
Despatches.
|
|
|