back to top
Breaking NewsHow Manufacturing Strength Can Help India Effectively Compete With China Economically

How Manufacturing Strength Can Help India Effectively Compete With China Economically

Date:

Surat, Apr 2: External Affairs Minister S Jaishankar has emphasized the need for to focus on manufacturing to compete with economic giant China. In a candid interaction with Surat entrepreneurs, the minister highlighted how manufacturing was neglected for long but has gained attention under PM Modi's leadership.

Jaishankar pointed out that tensions at the India-China border have created strains in bilateral ties. For relations to improve, peace and stability must return to border areas. However, on the economic front, India can effectively compete with China only through boosting local manufacturing.

The minister stated that without a robust manufacturing base, India cannot develop strong capabilities. Advanced manufacturing will power India's rise as a global economic powerhouse. The government has undertaken reforms and policies to emerge stronger from the pandemic challenges.

On dealing with Pakistan sponsored terrorism, Jaishankar said counterterrorism is India's clear stance. The country will never compromise on its fight against cross border terrorism. Regarding the Trade Organization, he believes India should engage constructively while protecting domestic interests. Bilateral and regional trade agreements also offer new opportunities.

Over the last decade, India's global standing has transformed dramatically due to visionary leadership and economic strides. Countries now view India as an indispensable partner for cooperation across diverse areas like technology, trade, supply chains and talent. Multiple countries are keen to sign free trade pacts and mobility partnerships with India.

As India scales new heights powered by manufacturing strength and global partnerships, it is well poised to emerge as a worthy economic competitor to China on the world stage. An Atmanirbhar Bharat fuelling domestic production capabilities holds the key to a prosperous and resilient New India.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

Share post:

Popular

More like this
Related

Jammu-Srinagar National Highway Blocked For Traffic After Landslide At Gangroo

Jammu, Apr 22: Jammu-Srinagar National Highway was blocked for...

NIA carries out raids at 9 locations in Jammu and Kashmir’s Srinagar in terror-related case

Srinagar, Apr 22: The National Investigation Agency on Monday...

Supreme Court allows 14-year-old rape survivor to abort 30-week pregnancy

New Delhi, Apr 22: The Supreme Court on Monday...

Lok Sabha election: Repolling under way at 11 polling stations in Manipur

Imphal, Apr 22: Repolling is under way at 11...