Our Defence and Foreign Policy experts listen too much to conventional economic wisdom (and regurgitate it). Actually: (1) Accelerated economic reforms & privatization allows govt to focus budget on public goods like defence, ....2/ m.rediff.com/amp/news/inter…
2/ec .., instead of wasting it on projects and programs that private sec can do more efficiently. (2) Given the power asymmetry, the only way to #Deter #CCP #China is by convincing them that we are willing to bear the military & economic costs of resisting #aggression...3/
3/ec Any costs we bear,while reducing imports of Goods & services from China, besides hurting China, also enhances the credibility of #Deterrence. (3) India is 5th largest economy & will be 3rd largest in ~ 10 yrs. It's self-delusion to think this market is unimportant to China..
• • •
Missing some Tweet in this thread? You can try to
force a refresh
