India Inc should also share blame for trade imbalance with China: EAM Jaishankar https://www.moneycontrol.com/news/india/india-inc-should-also-share-blame-for-trade-imbalance-with-china-eam-jaishankar-10149551.htm FEB 23, 2023
"Indian corporates have not developed the kind of backwards (integration), vendor supplies, components and parts, ingredients and intermediates that should be supporting us," Jaishankar said at an event... the government is doing its bit by bringing in policies like the thrust on Atmanirbhar Bharat and made it clear that the "massive external exposure" puts national security at threat.
With lots of people, including former RBI Governor Raghuram Rajan, asking India to focus on services, Jaishankar warned that those who "do down" manufacturing are "actually damaging India's strategic future."
‘Responsibility of trade imbalance with China not just of govt', says Dr. S. Jaishankar https://www.youtube.com/watch?v=UXdtbMaT_3Y Feb 23, 2023
Responsibility of trade imbalance with China is not just of the government, it is an equal responsibility of businesses', said External Affairs Minister Dr. S. Jaishankar at the inaugural session of the Asia Economic Dialogue 2023. He added that it's not just about trade & that our national security is at threat if we have this kind of massive external exposure.