Since 2020,the Modi government has sought to implement the policy of industrial substitution for China as an important approach to economic autonomy and industrial rejuvenation.Based on the Modi government’s industri...Since 2020,the Modi government has sought to implement the policy of industrial substitution for China as an important approach to economic autonomy and industrial rejuvenation.Based on the Modi government’s industrial policy practices,its substitution policy for Chinese industries comprises three parts.A favorable domestic political ecology,an encouraging geostrategic environment,and a relatively solid industrial foundation provide the Modi government with the conditions and confidence to implement this policy.Nevertheless,owing to the conservatism of India’s domestic political culture,expediency in helping and appeasing India by the US,reversal of economic globalization,and sustainability of China’s industrial policy to break new ground,Modi’s substitution policy for Chinese industries has found limited success.However,considering India’s substantial economic size and the strategic support of the US and other developed nations in the West,the Modi government’s substitution policy for Chinese industries can still disrupt China’s efforts to build and maintain a healthier production chain.展开更多
文摘Since 2020,the Modi government has sought to implement the policy of industrial substitution for China as an important approach to economic autonomy and industrial rejuvenation.Based on the Modi government’s industrial policy practices,its substitution policy for Chinese industries comprises three parts.A favorable domestic political ecology,an encouraging geostrategic environment,and a relatively solid industrial foundation provide the Modi government with the conditions and confidence to implement this policy.Nevertheless,owing to the conservatism of India’s domestic political culture,expediency in helping and appeasing India by the US,reversal of economic globalization,and sustainability of China’s industrial policy to break new ground,Modi’s substitution policy for Chinese industries has found limited success.However,considering India’s substantial economic size and the strategic support of the US and other developed nations in the West,the Modi government’s substitution policy for Chinese industries can still disrupt China’s efforts to build and maintain a healthier production chain.
