UPA policies weakening India and enriching China

The import of capital goods for $587 billions, most of which India could make in its own backyard, drained out a third of India's GDP under nose of the UPA regime. The UPA government also eased customs and excise tariff to facilitate their entry into India with the least fiscal resistance and consciously ran current account deficits of $339 billions. That means what? To that extent India has lost its wealth to the other nations. Who gained from India loss?

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