美对印加征高额关税后，印度傻眼！印智库：没中国市场，毫无意义

Core Viewpoint - India's future economic development hinges on "looking east," driven by the trade war initiated by Trump, which has adversely affected not only China but also traditional allies of the U.S. [1] Group 1: Economic Relations with the U.S. - Despite good relations with the U.S., India faced a 50% tariff increase on exports due to Trump's policies, creating challenges for its export industries [3] - Continued negative impacts on trade with the U.S. necessitate India finding new avenues for economic growth [3] Group 2: Strengthening Economic Cooperation with China - Expert Subramaniam suggests enhancing economic cooperation with China as a solution, emphasizing that India should not solely rely on Western countries for economic growth [4] - India's export market is overly concentrated in developed countries, while the U.S. has diversified trade partners; India should learn from this and expand trade with other Asian nations, particularly China [6] - The potential of the Asian market is significant, and India should seize opportunities to increase its market share, especially in China, which is the world's second-largest economy [6] Group 3: Trade Agreements and Export Diversification - India previously proposed joining the Regional Comprehensive Economic Partnership (RCEP), which could have enhanced economic cooperation with other Asian countries; not joining is viewed as a missed opportunity [6] - A significant portion of India's exports (approximately 90%) lacks diversification, indicating a need for government policies to encourage a broader range of exports, particularly in intermediate goods [6] Group 4: Import Tariffs and Manufacturing Development - High tariffs on raw material imports, while intended to protect domestic industries, actually hinder the growth of India's manufacturing sector [8] - In contrast, countries like Vietnam benefit from low or zero tariffs on raw materials, boosting their export trade; India could lower production costs and foster local manufacturing by reducing import tariffs [8] - A balanced approach to imports is essential for India's manufacturing sector to access necessary resources and enhance overall economic competitiveness [10] Group 5: Learning from China for Sustainable Development - "Looking east" signifies not only deepening trade ties with China but also learning from its advanced manufacturing practices to promote India's economic diversification and sustainable growth [10]