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Dependence on China continues to grow: Cong
Financial Express Kochi
|April 03, 2025
A DAY AFTER Chinese President Xi Jinping exchanged congratulatory messages with President Droupadi Murmu on the 75th anniversary of the establishment of diplomatic relations between the two nations, the Congress alleged that "amidst the Chinese incursions on our sovereignty, our economic dependence on China continues to grow" and it "is a clear signal that the Modi government has decided to accept the greatest loss of Indian territory in decades".
"Chinese imports have exceeded $100 billion and are headed higher in 2024-25, with our trade deficit vis-à-vis China also hitting record highs. Chinese firms that agree to tie up with the PM's close friends are being rolled out a red carpet to enter the Indian market, even as India's job-generating MSMEs are being devastated by the onslaught of Chinese imports," said a statement by Congress general secretary in charge for communication Jairam Ramesh.
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