With the development of globalization, the economic ties between countries are becoming closer and closer, and international trade cooperation has become more frequent. As a country with a huge population and a long history and culture, India has always attracted the attention of the world. However, India has become a hot topic in recent days, not because of its long history and culture or colorful folk customs, but because of its economic development and international trade problems.
One: Xiaomi is suspected of money laundering and its assets are frozen
Since entering the Indian market, Xiaomi's performance in the Indian market has been very eye-catching, not only has a large number of loyal fans, but also has been at the forefront of the market share. However, in May 2022, the Indian authorities suddenly conducted a comprehensive investigation into Xiaomi, and finally, directly determined that Xiaomi had committed money laundering violations and froze all its assets on the spot.
It is reported that as a result of this investigation of suspected money laundering, Xiaomi's assets have been fully frozen, and it has also been required to immediately carry out comprehensive rectification to ensure the possibility of similar problems occurring again. After this comprehensive freeze, the balance on Xiaomi's account has also become blank, and even only 37,000 yuan is left, so to speak, Xiaomi's capital chain was completely broken in an instant.
For this emergency, Xiaomi is also very angry and helpless, they said, the company's business behavior has always been legal and compliant, there is no illegal problem, and this time the alleged money laundering problem, in fact, is a serious misunderstanding, I hope the relevant departments can solve the problem as soon as possible, and return them a clean slate.
2. India implements a non-discriminatory pig policy for foreign companies
In addition to Xiaomi, the Indian market seems to be not very friendly to major multinational companies in recent times, not only frequently imposed various penalties on these companies, but also directly implemented the so-called "pig killing" policy, resulting in many foreign companies having to choose to withdraw from the Indian market.
The so-called "pig killing" policy is actually a kind of punishment policy without discrimination, whether local enterprises or foreign enterprises, any violations of laws and regulations in the Indian market will be severely punished, and the punishment is unprecedented.
Today, the major companies in the Indian market have begun to realize this, and they know that doing business in the Indian market is almost worse, and if they are not careful, they may be directly singled out for all kinds of faults, and then punished like never before.
Because of this, many companies have begun to choose to withdraw from the Indian market, and have protested to the Indian government, believing that their actions are too unreasonable, which has directly led to a sharp decline in investor confidence in the Indian market, and ultimately, seriously affected the stable development of the Indian market.
Three: India has a serious deficit and makes up for it by killing pigs
So, what kind of considerations is the reason why India is so "crazy" and imposes indiscriminate penalties on major enterprises? In fact, it is necessary to analyze India's own economic situation behind this.
In recent years, India's economic development has not been very smooth, not only GDP growth has been in a state of decline, but also frequent deficit problems, relying heavily on overseas remittances, power gates, international borrowing and overseas investment to make up for the deficit.
Now, due to the severe impact of the global epidemic, India's deficit problem has become more and more serious, in order to solve this problem as soon as possible, they began to implement the so-called "pig killing" policy, hoping to force major enterprises to pay various fines "obediently", so as to quickly make up for the deficit problem.
However, the Indian government does not seem to realize that this so-called "pig killing" policy is not a long-term solution for major enterprises, and their approach is likely to directly lead to investors losing confidence in the Indian market, so they choose to withdraw voluntarily, and ultimately, it will have a negative impact on the long-term development of the Indian economy.
Epilogue:
Through the above events, it can be seen that the current India seems to have fallen into an embarrassing situation of "stumbling by mistake", and in order to get rid of the economic predicament as soon as possible, they have adopted various "alternative" measures, however, these measures have not brought them the expected results, but have brought more trouble to the country and the people.
It is hoped that in the coming days, India will be able to be cautious about its own economic development and stop acting blindly, and major international companies will be able to look at India's actions more rationally, so as to avoid stepping into the so-called "trap" because of the impulse of interests for a while, and in the end, bringing endless trouble to themselves.