How concerned are you about the ongoing West Asia crisis on oil prices and the competitiveness of trade, growth?
We're probably in an era where those kinds of shocks won't have large repercussions on economies. There can be a shock to oil prices. I don't expect a very large one. And, there can be consequences of that for countries like India, China, those dependent on oil imports, and maybe an inflationary shock in the West.
The Economic Survey's had suggested that India should open up to Chinese foreign direct investment (FDI) to increase manufacturing.
We've not done that. What do you think of it?
The protectionist reaction against Chinese investment in the US now seems to be quite broad - out of who knows what kinds of fears. I like the Economic Survey's suggestion to welcome foreign investment and easing restraints on foreign investment. It makes a specific point about China. China is the country with the opportunity, with technology. India could benefit more from China's technology.
World over, we are seeing a rise in protectionism.
Diese Geschichte stammt aus der October 12, 2024-Ausgabe von Business Standard.
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