Massive trade deficit with china.What is wrong with our govt?
By ravi_s2025
@ravi_s2025 (510)
India
November 6, 2011 8:07pm CST
India has recently suffered a trade deficit of $20 billion with china.This is a matter of serious concern.Why are we forgetting the fact that china is not our strategic enemy.They join hands with Pakistan to scare us whenever they can.Plus do we really need chinese products anymore?Labour in india is as cheap or even cheaper than that of china.Yes we might have to pay like 10% premium for products made in india because of higher tax or whatever the reason.But in the long run we are going to suffer because of this trade deficit against china.A lot of people don't know that china is our no.1 enemy.If they do they wouldn't blindly buy chinese products.
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