Citing global network news, Indian Foreign Minister S Jaishankar said before his birthday that China's influence is increasing day by day and has a great impact on neighboring countries, including India, but India should not be afraid of China, but should actively welcome competition from China and strive to do better than China. Having said that, India's restrictions on Chinese companies have been very strict, and there is no intention of fair competition at all, especially since the border conflict in 2020, India has more and more restrictions on Chinese companies, because Chinese mobile phone manufacturers have performed very well in India, occupying the vast majority of the market, India has been ruthless in sanctioning Chinese companies, including seizure of assets, freezing bank accounts and other political operations.
On January 18, Kumar, India's senior industrial policy official, acknowledged that India is very strict about Chinese companies, but said that if China and India can ease the border issue, then these restrictions may be lifted, and the two sides hope to return to a period of prosperous cooperation. In response, Chinese Foreign Ministry spokesperson Mao Ning said that the international community questioned India's unreasonable restrictive measures against Chinese companies, and the remarks of Indian officials proved to a certain extent that this matter is true, and India, as the world's most populous democratic country, should not violate the principles of market economy.
For China, the Sino-Indian border issue is a long-standing contradiction and one of the problems left over from history, China and India should seek common ground while reserving differences, and properly handle this issue with great wisdom on the premise of maintaining peace. Although India emphasizes that it is not afraid of competition, the implementation of discriminatory policies against Chinese companies has in essence reflected the fact that India is afraid of competing with Chinese companies.
To this end, Jaishankar made a very grand vision for the future, he said, he believes that in the next few years, there will be more foreign companies to invest in India, set up more factories to drive India's economic development, Jaishankar also proposed that the development of semiconductors in India is also a forward-looking trend, more and more semiconductor companies will be aware of this. While Jaishankar paints a bright enough picture of a bright future for the Indian economy, India may not have what he says it is.
In the past 20 years, because China has a large number of cheap labor, China is known as the world's factory, and a large amount of capital hopes to invest in China, so as to create enough cheap and high-quality products, so that the products have an absolute advantage in cost performance. Now China's economic development is still in a period of rising and opportunity, which has also led to the upgrading of the industry, cheap labor has become a thing of the past, more international companies want to seek a "substitute" for China, India has enough cheap labor, this is the basic conditions for Jaishankar and many Indians to think that India's economy is about to take off.
However, the illiteracy rate of India's adult population is 25%, and although these laborers are cheap enough, they are not qualified for high-tech jobs. At the same time, India is not only for Chinese enterprises have discriminatory policies, many Western countries in the development of India is also difficult to move forward, more and more multinational companies have noticed that India's market environment is very bad, data show that in the last 8 years, more than 2,000 foreign companies have left India, the turnover rate of more than 30%.
In this regard, it is not difficult to see that India can indeed be regarded as one of the largest emerging markets in the world, with great potential to be tapped, but India's basic conditions are worrisome, and the environment of eagerness for success has further affected India's long-term planning and development.