What ever happens in China, India should take it as an opportunity to
put into optimum use of its natural and human resources to put up a
brave face and take advantage of the international market where chinese
had an upper hand. Our trade deficit with China may be a problem but
India can overcome it by strengthening its traditional exports to China
and also improving our exports to International markets where China has
fallen short and is likely to get hit.Our economy has basic strength
but political environment is always a bit of a problem and herein lies
the solution. IT is our strength and the economy should think of
exporting our IT skills to China to the optimum which will also be
helpful to China to find some solace to its own problems.There are areas
Where China is weak and India is strong and earlier our Govt identifies
and initiates action, the better for our economy to come out of its own
present pathetic condition.
Dr.T.V.Gopalakrishnan
(This comment appeared in ET dated 25/6/13 in response to an Article on 'Troubled Panda could open Pandora's box for India').
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