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China vs. India War is NOT Something India’s ‘Fragile Economy’ Can Afford
A military of 2.3 million service members and tons of cutting-edge military hardware are not the only things fueling India’s fears amid a possible China vs. India military confrontation. The border stand-off between Beijing and New Delhi has caught India off guard at a very inopportune time for its economy.
Over the weekend, Global Times reminded India of its “fragile economy,” pointing that its recent Goods and Services Tax have further slowed down economic growth in India. As “the makers of India’s monetary policy cut interest rates” recently and “rates of job shedding” in the country, according to The Economic Times, going to war with China is not something India could afford right now and get away with.
