The Dragon's Way

After the border tensions between India and China. "Boycott China" emotions have started trending again. India is now importing almost 80 billion dollar worth of goods from China which is 17% of it's total imports. The influx of chinese products began in 1992 when globalisation began in India and now it has a stronghold in many sectors of Indian industries. One of the most impacted sector from chinese imports is electronics especially smartphones and mobile parts. India imports most of it's pharmaceutical supplies from China which can prove to be a big problem in the future if Indo-China tensions intensify. China is now world's second largest economy and India will have difficulty in boycotting it's goods. But it is not impossible to boycott China. We need to know the root cause of how chinese communist party wants to dominate the world and what dirty tactics are used by them for achieving this economically, politically. The border disputes which China are doi

Indo-China Border Dispute

India and China share a border of 3440 km long and have overlapping territorial claims. Their border patrols often bump into each other, resulting in small struggle but both the sides insist no bullet has been fired in four decades. Army of both the country came face to face at many points. The poorly demarcated Line of Actual Control (LAC) separates the two sides. Rivers, lakes and snow caps mean the line separating the solider can shift and they often came close to confrontation. History of dispute India and China fought a war in 1962 over their contested in the border in the Himalayas. The war ended with a truce and the formation of a De Facto boundary, known as the LAC. There has been an uneasy and fragile peace since the war. No official border has ever been negotiated,the region where clashes is hostile terrain, at high Altitude and less populated running through the Ladakh region bordering Tibet. What is Line of Actual Control ( LAC) ? LAC is a loose demarcation line that separa

Analyzing The Stimulus Package

For the five successive days, Finance Minister Nirmala sitharaman has announced various measures to boost the economy and- as she repeatedly says- to fulfill the dream of Prime Minister of a new 'Aatma Nirbhar Bharat' or 'self-reliant' India. Earlier on 12 May, P.M Modi said that the package will be around 20 lakh crore, 10 % of India's GDP. But the package is likely to cost government only 1 percent of the GDP. There is a huge difference between the benefits and the actual cost, this is due to the material benefits such as bank guarantee and permission given in the major Announcement. The total policy support of Atmanirbhar Bharat stands at nearly Rs 11 lakh crore, with a direct fiscal impact of mere Rs 1 lakh crore (0.5% of GDP). With this, the overall economic package stands at mere 0.8 per cent of GDP, said Madhavi Arora, Economist, Edelweiss.A report by Barclays also highlighted that the government’s fiscal support programme, which sums up to Rs 21 lakh crore i

The Ground Reality of 20 Lakh Crore

On Tuesday Prime Minister Narendra Modi announced a Rs 20 lakh crore stimulus package to outfit the impact of corona and weeks of lockdown. The 'special economic package', equivalent to around 10 percent of India's GDP, would be the key component of " Aatma Nirbhar Bharat"  or self-reliant India. Recent decisions of RBI and an earlier package, would add to stimulus of about Rs 20 lakh crore, he said as he announced the widely anticipated move on Day 50 of the lockdown .The package will focus on land , labour, liquidity and law; it will help the small businesses, labourers, farmers, the middle class and cottage industries. It will focus on the well being of migrant workers too- said the PM.   The package is not entirely new. While the PM  did not give the details, he did specify that this calculation of Rs 20 lakh crore includes what the government has already announced and the steps by the Reserve Bank of India. PM have included the actions of RBI, India's cen

Current Scenario: Impact of Corona on Economy

The biggest problem around globe is novel corona-virus, More than four million confirmed cases from 187 country are reported till now. The impact on the global economy may be huge, something not witnessed from the ages. This is going to be very awful for many Indian who are dependent on daily wages and monthly salaries. Indian corporates  have started cutting salaries and perks. A lock down to stop the spread of corona virus has seen the 122 million people loss their job In April alone. India's Unemployment rate is 27.1% according to the Center for Monitoring the Indian Economy (CMIE). The new data shows India's unemployment figure are four times that of US.  Unemployment hit 23.5% in April, a sharp spike from 8.7% in March. This is attributed to the lock down which brought most economic activity- except essential services such as hospitals, pharmacies and food supplies- To a standstill. The trade impact of corona virus epidemic for India is estimated to be about 348 million d


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