Prøve GULL - Gratis

India, China, West: How to Trade With 'Foreign Devils'

YUGMARG NEWSPAPER

|

July 06, 2025

During the late 19th century in China under the Quing dynasty, foreign traders, missionaries, and soldiers were referred to as “foreign devils”, who had no place in the rigid imperial order.

India, China, West: How to Trade With 'Foreign Devils'

In comparison, India’s relationship with foreign traders and cultural influences had been far more syncretic, rather than exclusionary -- a source of strength and resilience but also a challenge, while learning to march to a common drumbeat.

Today, China, the world’s largest exporter, is an omnipresent “foreign devil” and an emerging global hegemon. India lags in comparison. Exports as a share of current GDP were 22 per cent in 2023 versus about 30 per cent in East Asia and 29 per cent for all countries (World Bank). India’s size and beneficent traditions, encourage protected, insular growth. Till 1992, this was the only option, as regulatory spaghetti trapped both private enterprise and foreign trade.

Over the last three decades, economic liberalisation, the easing of foreign investment norms and relaxed foreign exchange controls have opened Indian business to overseas opportunities and competition. But productivity, the bell-weather of competitiveness, still lags.

Among the developing regions, firm level productivity in South Asia, where India dominates economically, is four-fifths that of East Asia (World Bank 2021). Total factor productivity, or the value of output derived per unit of land, labour, capital, and innovation -- a productivity metric, is the second lowest after Sub-Saharan Africa. No wonder South Asian firms export a lower percentage of their output versus any other region.

FLERE HISTORIER FRA YUGMARG NEWSPAPER

YUGMARG NEWSPAPER

YUGMARG NEWSPAPER

Oppn wants power to settle their score rather than serving the people and state: Pb CM

Slams akali leaders for distributing the money of golak for vested political interests

time to read

2 mins

October 12, 2025

YUGMARG NEWSPAPER

India's electronics sector posts 6-fold decadal growth, eyes $500 billion ecosystem by 2030

India eyes a $500 billion domestic electronics manufacturing ecosystem by 2030-31, as the sector has grown nearly sixfold over the past decade, the government informed on Saturday.

time to read

1 min

October 12, 2025

YUGMARG NEWSPAPER

YUGMARG NEWSPAPER

Trump slaps 100 per cent tariff on China, threatens tech export limits

In a post on Truth Social on Friday (local time), the US President said, \"Based on the fact that China has taken this unprecedented position, and speaking only for the USA, and not other Nations who were similarly _ threatened, starting November 1, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying. Also on November 1, we will impose Export Controls on any and all critical software.

time to read

1 min

October 12, 2025

YUGMARG NEWSPAPER

YUGMARG NEWSPAPER

Union Ministers laud PM Modi's new Rs 42,000 crore initiatives for Agriculture sector

Union ministers on Saturday lauded the launch of agricultural projects worth over Rs 42,000 crore by Prime Minister Narendra Modi, saying these schemes will bring new energy and immense potential to farmers.

time to read

1 mins

October 12, 2025

YUGMARG NEWSPAPER

YUGMARG NEWSPAPER

Pradhan Mantri Dhan-Dhanya Krishi Yojana' and 'Dalhan Atmanirbharta Mission' to strengthen agriculture and transform farmers' lives: CM

Dhan Dhanya Krishi Yojana’ launched in 100 districts across the country; Haryana’s Nuh district included

time to read

2 mins

October 12, 2025

YUGMARG NEWSPAPER

Pakistan: Seven policemen killed, 13 injured in Khyber Pakhtunkhwa attack

At least seven Pakistani police personnel were killed and 13 injured in an attack in Pakistan's Khyber Pakhtunkhwa (KP), authorities confirmed on Saturday.

time to read

1 min

October 12, 2025

YUGMARG NEWSPAPER

US clarifies no new missiles for Pak under recent defence deal

The United States clarified today that reports suggesting Pakistan would receive new Advanced Medium-Range Air-to-Air Missiles (AMRAAMs) under a recently amended contract were incorrect.

time to read

1 min

October 11, 2025

YUGMARG NEWSPAPER

Manali-Leh road reopens, weather improves across Himachal

The Manali-Leh road, which had remained closed for several days due to heavy snowfall, has now been reopened for vehicular move: ment.

time to read

1 min

October 11, 2025

YUGMARG NEWSPAPER

YUGMARG NEWSPAPER

Cough syrup deaths: SC rejects PIL seeking CBI probe

The Supreme Court on Friday dismissed a PIL seeking an inquiry and systemic reform in drug safety mechanisms in the wake of deaths of children in Madhya Pradesh and Rajasthan allegedly due to consumption of toxic cough syrups.

time to read

1 min

October 11, 2025

YUGMARG NEWSPAPER

YUGMARG NEWSPAPER

Mental health a fundamental part of overall well-being : PM Modi

Prime Minister Narendra Modi on Friday said that mental health is a \"fundamental part” of our overall well-being, as he emphasised the significance of World Mental Health Day.Sharing an X post, PM Modi called for a collective effort to bring conversations around mental health to the mainstream and lauded the people helping others heal.He wrote

time to read

1 min

October 11, 2025

Listen

Translate

Share

-
+

Change font size