India's ambition to replace China as industrial hub a 'pie in the sky', says Chinese media

There is little chance of "Make in India" overtaking "Made in China" in the US market, the website added.

Agencies
Replacing China is mission impossible for New Delhi, said Global Times.
Global Times, a Chinese news website which has the backing of China's ruling Communist Party, today mocked India's ambition to fill the void created due to the ongoing trade war between Beijing and Washington.

The website, in a scathing editorial, said India's industrial capabilities are nowhere near to China's manufacturing prowess.

Quoting Minister of Commerce, Suresh Prabhu, the website said that it is quite apparent that India wants to have a bigger slice of the world trade pie. Prabhu reportedly told Bloomberg that "India will focus on boosting exports to the US and other global markets as Chinese shipments become unattractive".


However, the Global Times said: "India's intention of gaining from the trade dispute between China and the US will likely prove to be pie in the sky, as the South Asian nation isn't ready to take advantage of any such opportunity."

Quoting WTO statistics, it said India's share of world exports stood at 1.68 percent in 2017 compared with China's 12.77 percent.

There is little chance of "Make in India" overtaking "Made in China" in the US market, the editorial added.
ADVERTISEMENT

Making light of US' posture in the ongoing trade war, the editorial said no country can fill China's place.

"This is especially the case in India, whose industrial capabilities still have a long way to go before matching China's manufacturing prowess. It's not likely that attracting one or two companies to manufacture in India will quickly produce what the US wants. What's needed are complete production systems, almost a mission impossible for New Delhi at present," the Global Times added.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › India's ambition to replace China as industrial hub a 'pie in the sky', says Chinese media
Text Size:AAA
Success
This article has been saved

*

+