Globalisation In Transition: Can India Reduce Strategic Dependence On China Without Losing The Benefits Of Global Trade?
Himanshu Jee, Amity University Noida, Uttar Pradesh
ABSTRACT
Globalization has created closer ties between nations through its market and industrial and technological and human connections. The program has enabled businesses to reach new markets while decreasing their manufacturing expenses and generating possibilities for economic expansion. The current worldwide situation combined with increasing international political conflicts has demonstrated that nations should not rely entirely on one country for their vital goods and manufacturing resources. The manufacturing dominance of China in the global market has created significant problems for India's economic development. The Indian economy benefits from Chinese imports but the country faces risks because of its high dependence on Chinese suppliers during times of trade conflicts and supply chain interruptions and international diplomatic shifts.
The research study investigates ways for India to decrease its strategic reliance on China while still maintaining the economic advantages of international trade. The research investigates two main areas of study which encompass the dangers that essential supply chains present and the challenges which complete economic separation creates. The research study employs secondary data which includes government reports and official trade statistics and published research to examine how globalisation has evolved over time. The study demonstrates that India does not have to select between total self-sufficiency and ongoing Chinese dependency. The Indian economy will benefit more from a mixed strategy which enables international trade while developing domestic capabilities and creating dependable supply chains. The research demonstrates that globalisation will keep developing through the unrestricted exchange of goods and services while countries develop their abilities to manage economic hazards and sustain international partnerships.
Keywords: Globalization, India-China Trade Dependence, Supply Chain Resilience, Strategic Autonomy, Atmanirbhar Bharat.
