Despite its long-standing hostility towards China and its unreasonable greed, India does not pose much of a threat to China, either militarily or economically. While there are some arrogant remarks on the Indian internet, more often than not, what we see is contempt for Indians. As China faces the containment strategies of the United States and the West, three hallmarks of the Indian industry have emerged, which is a reality that we need to face squarely.
In many past episodes, we have mentioned that Modi's rise to power is closely linked to the struggle of indigenous interests and religious groups in India. While Modi's policies largely revolve around the "pie distribution" of the behind-the-scenes groups, it is undeniable that the "Make in India" program has played a role under the pull of each other. The 2014 policy did not begin to follow up until 2020. India has a "Production Incentive Program" around 14 manufacturing industries, which aims to stimulate exports and promote the iteration of manufacturing technology. Looking back over the past four years, standing in 2024, despite the oddities we have teased at some of the strange things in India, the changes in India have actually progressed, with three hallmark characteristics.
The adaptability of industrial policy is beginning to be highlighted. In the PLI program, India has signed up for a large number of industries, but eventually began to select some industries that have made substantial achievements, and have relatively strict control over the subsidy objects to avoid blindly expanding the scope. Improvement of industry evaluation capabilities. India's Minister of Commerce and Industry, Piyush Goyal, said that enterprises involved in industrial policy have PLI plan to implement ministries and departments, and regularly contact and consult to ensure that they understand the situation of relevant enterprises and help the industry to develop further. Third, the policy is more flexible. India has suppressed Chinese companies at home to strengthen exchanges with many Western countries and promote the development of semiconductor and new energy industries.
From the Chinese's point of view, this change in India is somewhat embarrassing. Although they make money standing up, the reason is that some people are willing to kneel and give the money away, which is really frustrating. Industrialization is basically the only way to modernization, or at least to ensure that the defense forces keep up with the world trend. Despite the many social problems and internal contradictions in India as a whole, it is a bit biased to assess India's national capacity alone. With the improvement and development of India's industrial policy, the improvement of national capacity is expected. In the current context of the fierce game between China and the United States, India is expected to gain more development space from the West, which is a real problem that China has to face squarely. The potential risks to our southwestern frontier are growing. At the time of necessity, perhaps we should be brave enough to do something that "sins are in the present and merit is in the future".
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