Opinion: Decoding PM Modi’s Remarks On China And Supply Chain Worries

Prime Minister Narendra Modi addressed the B20 Summit India 2023 on Sunday and, without naming China, said, “A profitable market can be sustained when there is a balance in the interests of producers and consumers. This also applies to nations. Treating other countries only as a market will never work. It will harm even the producing countries sooner or later. Making everyone equal partners in progress is the way forward.”

At the same meet, External Affairs Minister S Jaishankar also took a dig at China underlining its lending ‘policies’, which had reduced the Global South to being a consumer rather than a producer and saddled them with unviable debt that had resulted from China’s “opaque initiatives”.

It is significant that both the PM and the Foreign Minister have raised concerns regarding China. Unfolding geopolitical events and their critical impact on trade and business vis-a-vis China in the past years have compelled this stance.