Piyush Goyal lambasts Congress for letting Chinese goods flood Indian markets, calls it shameful
Oct 04, 2024
Washington DC (USA), October 4 (ANI): While responding to Leader of Opposition in the Lok Sabha Rahul Gandhi during his US trip last month, alleging that countries like the United States and India are responsible for China emerging as a manufacturing hub, Union Minister Piyush Goyal said that people responsible for China's growing influence in India industry choosing to defend China story. He said, “I can only sympathize for the lack of knowledge about the manufacturing story because I don't know which are those job losses he's (Rahul Gandhi) talking about. But we are foreign soil. We don’t like bringing domestic politics to foreign lands. He is entitled to belittle his own country, that's a matter of his choice. All of India is united in its effort to improve the prosperity of our people. We are all working towards a developed nation, a prosperous nation by 2047... We are all together in making the lives of the people of India better in the years to come... Sadly, some people, possibly responsible for the growing influence of China on the Indian industry are choosing to continue to praise or defend China. The whole world today recognizes that China is a non-transparent and opaque economy. China is known to dump goods. Even the US is concerned about it... The US is concerned about security threats from Chinese goods and is imposing restrictions... India had a trade deficit of about $1.8 million in 2004 with China... But between 2004 to 2014, our trade deficit went up from $1.8 billion to $43 billion in ten years by nearly 30 times. It is a matter of shame that we allowed Chinese goods to flood the Indian markets, to kill Indian manufacturing, to almost get investors disinterested in India's story because there was no protection against these kinds of goods coming in from China... India, which was not a part of RCEP (Regional Comprehensive Economic Partnership), was taken into RCEP forcibly, which was getting India to do an FTA with China...”
