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India'sGrandGambleWithChina
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India'sGrandGambleWithChina
Opinion
AUG 28, 2016 @ 12:01 AM
9,970 VIEWS
India'sGrandGamble
WithChina
IndianGovernmentsShouldJustGetOutOfThe
OnionBusinessThey'reMakingThingsWorse
Chang, CONTRIBUTOR
I write
about Asia, especially the Chinese economy.
China'sPotemkinDiplomacy
FULL BIO
Opinions expressed by Forbes Contributors are their own.
Thereisonlyonemajoremergingeconomy
doingwellatthemoment.That,ofcourse,is
+2 India.
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Indiagrew7.6%intheyearendedMarch31,
andthelastquarterwasabarnburner,
producingstunning7.9%growth.
HuaweiVoice:How5GWillUsherInThe
InternetOfPowerDelivery
Thisyearwontbebadeither.TheIMF
predictsgrowthof7.4%,butthatwouldbea
majordisappointment.EurasiaGroupsIan
Bremmersays7.8%.GoldmanSachsthis
Active on Twitter
monthforecasted7.9%.
ForeignAid'sRealWinnersAren'tThePoor
Indiaisalsotheworldsfastestgrowing
majoreconomy,evenifthenumbers
Active on Twitter
reportedbytheCentralStatisticsOfficeare
HowBrazilWastedItsOlympicMoment
toohigh,anditwillrollintotheG20
meetingnextweekwithalottobragabout.
Many,however,worryaboutthefuture.
GoldmanidentifiedFederalReserverate
Active on LinkedIn
hikesandthecountrysnonperformingloans
ThePromiseOfFreshwaterResilience
http://www.forbes.com/sites/gordonchang/2016/08/28/indiasgrandgamblewithchina/#f5a3e914f63c
1/5
8/28/2016
India'sGrandGambleWithChina
asrisks,butthegovernmentofPrime
MinisterNarendraModicandealwithboth
ofthesechallenges.
Bremmer,however,raisesanissuethatModi
maynotbeabletohandle,somethingthat
troublesmany,bothinsideandoutside
India.Reform,hepredicts,willstallintwo
India'sGrandGambleWithChina
majorareas,laborrulesandlandrights.
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Andthewellknownanalystsuggests
democracyispartlyresponsible.Thereare
+232 views in the last hour
morethanadozenstateelectionsnextyear
IndianGovernmentsShouldJustGetOutOfThe
OnionBusinessThey'reMakingThingsWorse
andin2018.Then,theresthenationwide
pollin2019.Toprotecthispartysvote
+4kshare,Modiisseekingpopulistcauses,
views in the last 24 hours
Bremmerwrites.Unfortunately,this
China'sPotemkinDiplomacy
strategyhasbegunwithamuchtougher
attitudetowardPakistan.
COMPOSE
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Everyoneagreesthatincreasedfriction
betweenIndiaandPakistanwouldbe
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inevitabilityaboutit.NewDelhiiscomingto
therealizationthatithastodosomething
aboutitshostileneighbor.Terrorismisa
clearandpresentdangerinIndia,andmany
ofthemostseriousattackshavelinksto
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Pakistan,includingthe2001attackonthe
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India'sGrandGambleWithChina
IndianParliament,the2008Mumbai
attacks,the2011Mumbaibombings,andthe
attackthisJanuaryontheIndianairbaseat
Pathankot,CleoPaskal,aTrudeauVisiting
FellowattheMontrealCentrefor
InternationalStudies,toldmelatelastweek.
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