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As disruptions loom, shrugging off China imports not an option for now

News Snapshot:

Amid renewed concerns of supply-chain disruptions emerging in the wake of the sharp surge in Covid cases in China, the dynamics of the trade equation between India and China may not have much scope to be tweaked in terms of the inputs coming into India from there, at least in the short term. The rising imports from China, a steady theme through 2021 and much of 2022, is being seen as crucial from India’s perspective as a catalyst for its focussed manufacturing push, with imports of capital goods and intermediate products forming the major chunk of the import basket, officials…

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