Which of the following statement(s) is/are correct? 1. The Economic Survey 2024 suggests that India should rely on imports from China instead of integrating into Chinese supply chains through Chinese investments. 2. India is ranked highest among emerging and developing countries as a potential alternative investment destination to China. Select the correct answer using the codes given below: |ForumIAS

Q. Which of the following statement(s) is/are correct?
1.The Economic Survey 2024 suggests that India should rely on imports from China instead of integrating into Chinese supply chains through Chinese investments.
2.India is ranked highest among emerging and developing countries as a potential alternative investment destination to China.
Select the correct answer using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Explanation –

Statement 1 is incorrect. The Economic Survey 2024 advocates for India to integrate into Chinese supply chains through foreign direct investment (FDI) from China, rather than relying solely on imports. The survey suggests that attracting Chinese investments would be more advantageous for boosting India’s exports and participating in global supply chains.

Statement 2 is correct. The UN report highlights India as a top investment destination, especially as Western companies look beyond China for their investments. India’s economic growth and large domestic market make it an appealing alternative for global investors.

Source: The Hindu

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS