You are here: Home » Politics » News » National
Business Standard

'Make in India' has become 'Buy from China': Rahul hits out at govt on RCEP

'RCEP will flood India with cheap goods, resulting in millions of job losses & crippling the Indian economy,' Gandhi said

Press Trust of India  |  New Delhi 

Rahul Gandhi
FILE PHOTO: Rahul Gandhi | PTI

Asserting that "Make in India" has become "Buy from China", Congress leader on Monday hit out at the and alleged that the proposed free trade deal will flood the country with cheap goods, resulting in millions of job losses and crippling the economy.

Gandhi's takedown of the proposed trade agreement came as Prime Minister Narendra Modi was in Bangkok where negotiations for the long-overdue Regional Comprehensive Economic Partnership (RCEP) was heading towards finality.

"'Make in India' has become 'Buy from China'. Each year we import Rs. 6,000 worth of goods from China for every Indian! A 100 per cent increase since 2014," the former Congress chief said in a tweet.

"will flood India with cheap goods, resulting in millions of job losses & crippling the Indian economy," Gandhi said.

His remarks come two days after Congress president Sonia Gandhi launched a blistering attack on the government's economic policies and said signing the agreement will deal a "body blow" to the economy, resulting in "untold hardship" for farmers, shopkeepers and small enterprises.

The proposed free-trade agreement includes 10 member-countries of the Association of Southeast Asian Nations (Asean) and six of the bloc's dialogue partners China, Japan, South Korea, India, Australia and New Zealand.

The possible delay in firming up the RCEP during the three-day Asean summit in Bangkok has been attributed to India's demands on market access and tariff-related issues. Hardball negotiations to address sticky issues went down to the wire on Sunday, with India holding on to its demand for amicable resolution of its demands.

First Published: Mon, November 04 2019. 14:45 IST
RECOMMENDED FOR YOU