Ban Import from China to Prevent Economic Bankruptcy

Veteran economist professor M B Kumaraswami said import from China should be completely banned in order to stop economic bankruptcy of India.

Delivering a special talk on China and its attack on the Indian economy organised by Swadeshi Jagaran Manch, the economist said that the country is moving towards a dangerous situation. China is attacking the Indian economy with well-planned military strategy.

Economic turmoil

It is also planning to ensure a turmoil in the Indian economy, which calls for a serious caution by India. Urging for an immediate ban on Chinese products, the professor said that the country is under the threat of conspiracy by China which has strategies planning to make India weak. The economic attack by China should be stopped, if not, the country is under grave threat, he reiterated.

Calling China a “silent killer,” the professor said that China is a very dangerous country. It has already occupied 38,000 square kilometres of Indian land. Adding to the woes, Pakistan has donated 5,183 square kilometres of Indian land to China. Although India opposed China’s attempts to construct a road on the Doklam plateau, China is all set to execute its plans to capture Doklam.

China can militarily threaten the strategically vulnerable and narrow Siliguri Corridor just about 50 km away in West Bengal. China already has a couple of roads coming up to a certain point in the Chumbi Valley. If one of them is extended till the trijunction, through what we consider is the Bhutanese territory, it will help the Pakistan Liberation Army in military logistics and manoeuvrability, like

rapidly moving artillery and other equipment, in the case of a conflict with India, prof Kumaraswami said.

The country shares 3,500 kilometres of border with China and in 1988, the then prime minister Rajiv Gandhi tried holding bilateral talks with China, which was not successful.

‘Lion’s share in market’

The economist added that China has the lion’s share in the country’s marketing transactions. It has the highest share of 65% in electronic goods market, while 63% of leather products in India is made in China and 75% of cotton cloth materials is from China.

The bilateral trade between the two countries began in 1990 and it was one billion-dollar transaction and at present is has crossed 72 billion dollars. In 2015-16, the country has imported 15.8%, while

China has imported merely 3.6%. In 2001-02, the trade deficiency of the country was one hundred crore, while in 2015-16 it is 53 hundred crore, he added.

He said that increasing unemployment is also threatening India owing to the import of Chinese products. Small scale industries are experiencing 90% unemployment. Youths applying for jobs are increasing.

For instance, recently, SBI had called for 11,000 clerical and 1,500 officers’ posts and 34 lakh and 15 lakh youths applied for the vacancies respectively. Nearly 2.26 engineers and 255 PhD holders had applied for 368 security guard posts in North India recently, the economist added.