China shadow on Indian economy

The government's reported efforts to rein in Chinese incursions into the Indian economy reflect the dangerous turn that economic relations between the two countries have now taken. The concerns over the balance of trade shifting sharply in favour of China have acquired a strategic edge, with state-influenced Chinese companies gaining a significant share of critical sectors of the Indian economy. The knee-jerk reaction to this turn of events would be to raise tariff and non-tariff barriers at random.

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