Economic Survey bats for FDI from China to boost manufacturing

INDIA will have to make a choice between allowing cheap Chinese products into India and attracting investment from China if it wants to give boost to manufacturing, the Economic Survey report said departing from a the government's largely anti-China stance.

- MONIKA YADAV

The survey in clear terms says to boost Indian manufacturing and plug India into the global supply chain, it is inevitable that India plugs itself into China's supply chain. "Whether we do so by relying solely on imports or partially through Chinese investments is a choice that India has to make," it says. Despite being the fastest-growing economy in the G20 and recording growth rates that exceed those of China, India's economy remains a fraction of China's, the E