INDIA MUST FOCUS ON MANUFACTURING TO COMPETE WITH CHINA, SAYS EAM S. JAISHANKAR
The Business Guardian|April 03, 2024
Jaishankar addressed attendees at a corporate summit titled Bharat’s Economic Rising,” organised by the Southern Gujarat Chamber of Commerce and Industry SGCCI)
INDIA MUST FOCUS ON MANUFACTURING TO COMPETE WITH CHINA, SAYS EAM S. JAISHANKAR

External Affairs Minister S. Jaishankar has stated that India should concentrate on manufacturing to compete with China economically, emphasizing the neglect of this key sector by previous governments before Prime Minister Modi came to power in 2014.

Noting that tension at the border with China has caused "abnormality" in New Delhi-Beijing relations, he said India's thinking is absolutely clear that unless there is peace and stability in the border areas, the ties between the two Asian powers will not improve.

"If we have to compete with China, which we should, then its solution is that we should focus on manufacturing here. Our approach towards manufacturing has changed after Modiji came to power.

Before that, people did not give much emphasis on manufacturing," Jaishankar said during his interaction with industry leaders at a programme in Surat on Monday.

There is no other way to counter China on the economic front, insisted the career diplomat-turnedpolitician while replying to questions from audience members on how he saw India's relationship with the world's second-largest economy as it moves towards becoming a $5 trillion economy.

Jaishankar was speaking at a corporate summit on "Bharat's Economic Rising," organised by the Southern Gujarat Chamber of Commerce and Industry (SGCCI).

"If we talk of rising Bharat, it will rise through technology. You cannot build strong technology on weak manufacturing. At any cost, we should put special emphasis on manufacturing, because that is the only economic response," the Union minister maintained.

Jaishankar, a former ambassador to China, emphasised that tension at the border has affected Sino-Indian ties.

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