What holds India back from moving up the industrial ladder
The real problem for Delhi is not so much how it might open itself to China’s capital and technology, but rather its own impediments to development
AS SUMMITS go, the Shanghai Cooperation Organisation’s (SCO) meeting in Tianjin, China, last weekend went according to script. There was even an anodyne declaration at the end.
It did not address the conflicts between members. Four of the 10 SCO member states experienced direct military clashes in the past few months, and none more serious than the one between India and Pakistan that could have spiralled into a nuclear war.
The main interest was in the bilateral meetings on the sidelines. The hour-long meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi was of particular interest, as it had the potential to reset diplomatic and economic linkages in Asia.
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