Mei Xinyufrom the economic growth rate with a sudden turn for the worse ,the rupee to even low, India economy is in capital flight ,inflation is high tide surging up ,although the India government departments and substantially tightened exchange controls, still unable to curb capital flight frenzy and rupee exchange rate trend ,abercrombie france
India economic predicament ,and lagging manufacturing industry ,use foreign capital investment proportion exorbitant related :due to a combination of investment ratio and high investment in the manufacturing sector of India direct investment little, cross-border capital flow volatility is very high ,often on the economic situation in the a change will overreact with India has not ;from the last goods trade and current-account deficit ,hollister france
,the imported inflation pressure is high ,make India is in nearly two years economic growth has obvious slowdown is also unable to relax monetary policy ,further aggravating the rupee exchange rate trend .
But India should develop manufacturing industry ,attract foreign capital to invest more of the real economy faces a series of barriers ,hollister france
,which is one of the most important point is that ,due to the different interest groups to influence government decision-making is difficult to reach consensus ,the India government decision making often without making decisions ,and must not do, partisan political decentralization ,local trend further aggravate the situation .
In foreign trade dealings ,the government of India inconstant in policy characteristics is behaved particularly prominent .Typical cases such as the March 5th India government issued a public notice ,prohibiting number 5201 and 5203 cotton exports .
Because India is second only to the United States of America exporter of cotton, the cotton of India export ban led to its domestic and international cotton price once went up .In the domestic and international pressure, the India government announced in March 12th to repeal the ban ,but no longer issued a new export license .
It is not difficult to find in the India government banned exports of cotton ,which decision making is not established, and caused more damage .The government of India claimed that the promulgation of cotton export ban is the main cause of China on India cotton export demand beyond all expectations to suddenly soared, worried that many of which imports from China orders may be false transaction or to hoard .
,according to the China data ,mulberry
,China cotton and yarn during the last three years of steady growth, did not happen suddenly soared beyond all expectations .As for the many imports from China Cotton orders may be false transaction or to hoard ,which completely irrational .
Even though the India exporters who carry out false transaction or hoarding and profiteering ,and would only be close by. In Sri Lanka ,Bangladesh or Pakistan port ,may not pay and the choice of Chinese India port ,it also undermines India as cotton goods reputation .
On March 13th, Chinese cotton association secretary-general sent the India commerce and Industry Minister Anand ?Sharma ,so this approach would India as a serious trade national reputation ,the result is business will be looking for more reliable trading partner .
In January this year, China imported cotton overall decreased from 58.7% to 327000 tons ,but it is a significant part of Spring Festival effect caused by,abercrombie
, widely considered the government procurement and other factors will drive the next few months China cotton imports the United States this year is expected to rebound strongly ,abercrombie france
,Chinese cotton imports may increase of 54% to 4000000 tons ,but after this incident, estimation of China more likely to increase from the United States and Australia imports .
The influence of India and China is not only a Chinese customers ,the letter was composed of 18 members of the international cotton association cooperation committee support ,international cotton association cooperation committee chairman Ma Nu ?Kobita Avi Neil in the letter signed .
At the end of 2011, the government of India announced on the foreign retail enterprises to open up the market, the days will not recover .And so on frequent policy repeatedly ,has and will continue the serious damage to India regulations and policies of the authority .
In March 5th the government of India announced the cotton export ban, after the first day of the market overshoot reaction, market participants generally agreed that this ban long-term implementation possibility is very low ,jordan
,usually at the end of 3 the end of the fiscal year after a automatically disappear ,only a few trading days ,cotton price in the international markets he daily drop .
In independent India first 30 years ,the Congress Party rule all the land ,hollister
,the central government to the local governments with enough authority ;but on century since ninety time metaphase ,a number of state based independent local party to grow and develop ,abercrombie
,and the Congress Party and the India people eighty time rise abruptly tripod stand, in 11 more than 40000000 of the population political power the Congress Party and the people ,the ruling of only 3 .
Come nearly 20 years previous election results and therefore are no party had half of the suspended parliament .History makes the regional political parties in India have a national political influence ,but the local political parties are always staring at her in place on a question ,do not hesitate to damage national interests .
At the end of 2011 the government of India is in the foreign retail enterprises on market opening for a few days they promise and then deny in succession ,is the control of West Bengal Congress and other local grassroots political opposition .
, as affected by terrorism and one of the most serious countries, in the establishment of the national anti-terrorism coordination mechanism of this man on the issue of relation countryman ,narrow state power or even overwhelm India central decision .
This is further compounded by the India business environment uncertainty .At the beginning of this year the State Council election, the ruling Congress Party in Manipur won, lost ,uttrakhand ,North Goa ,Punjab four ,abercrombie and fitch
In Uttar Pradesh election defeat ,not only means the Congress in the next few years the first state to the edge of the political leadership ,more for Congress update added uncertainty ,because host fencing Uttar Pradesh election is always seen as the successors of the Lahu ?Gandhi ,this campaign failed inevitably greatly damage his prestige and Nehru - the Gandhi family ,and the lack of strong leadership core of the party to become a strong political party .
Therefore ,in the foreseeable future ,India inconstant in policy situation cannot be changed at all .( the author is a researcher at the Chinese Academy of international trade and economic cooperation
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