NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: International Business

Internal Assignment Applicable for December 2023 Examination

Q1. In our country many products from China dominate our markets and have made
production unprofitable for Indian manufacturers. In your opinion should we allow the
entry of Chinese products in our country?

Ans:
Introduction
China's wonderful assembling ability has pushed it to the very front of worldwide exchange,
making a permanent imprint on economies around the world. Its capacity to deliver
merchandise at scale and at serious costs has made it a favored provider, cultivating an
import/export imbalance for some countries, including India. While the flood of Chinese items
offers unquestionable advantages, for example, affordability and vast variety, it additionally
presents huge difficulties to homegrown ventures and public independence.

On the one hand, Chinese items significantly reduced consumer prices, making them open to a
more extensive scope of individuals. The sheer variety of Chinese products, spreading over
hardware, clothing, and domestic devices, takes care of different preferences and inclinations,
giving customers with ample choices. Besides, competitive pricing drives down overall market
prices, benefiting both businesses and customers.

On the other hand the control of Chinese items unfavorably affects Indian producers. The
surge of low-valued Chinese merchandise has seriously prevented the endurance of
homegrown undertakings in the business, prompting employment misfortunes, plant
terminations, and a decrease in the general decline in manufacturing sector. This disintegration
of the manufacturing backbone sabotages India's monetary strength and thwarts its capacity to
cultivate innovation and technological advancement.

Concept and Application

Whether or not to allow the section of Chinese items into the Indian market is an intricate
issue with different monetary, political, and social aspects. We should investigate the benefits
and detriments of this present circumstance, alongside an expected ways of tending to it:

Pros of Permitting Chinese Products:

1. Affordable Choices:
 Chinese items frequently accompany a lower price, making them more accessible to
Indian shoppers, particularly those on limited spending plans. This affordability can
enhance the accessibility of many products.

2. Diverse Product Selection:

Chinese items offer a plenty of choices, which can be interesting to shoppers. This
variety can support competition and development inside the Indian market.

3. Global Inventory network Integration:

Numerous Indian businesses depend on Chinese parts as raw materials because of

their cost-effectiveness. Forcing limitations on Chinese items could disturb these
worldwide inventory chains and adversely influence Indian manufacturing

Cons of Permitting Chinese Products:

1. Domestic Industry Challenges:

The commonness of Chinese items can bring about the debilitating or even the
vanishing of Indian manufacturing businesses, prompting employment misfortunes and
financial difficulties for domestic makers.

2. Quality and safety Concerns:

Chinese items have, in certain occurrences, raised concerns connected with quality
and security principles. Permitting them into the Indian market could raise concerns
over item safety and quality.

3. Trade Imbalances:

Heavy dependence on Chinese imports can prompt exchange lopsided characteristics,

where India trades less merchandise to China, possibly affecting the economy over the
long haul.

Potential Approaches:

1. Stringent Quality Standards:

Implementing thorough quality and safety guidelines for all items, no matter what
their starting point, is crucial to guarantee that items in the Indian market meet explicit
quality benchmarks.

2. Support for Indian Manufacturing:

 Empowering and supporting Indian makers through policies and motivations pointed
toward upgrading their production competitiveness and efficiency.

3. Balanced Trade Policies:

Creating trade arrangements that balance the requirement for reasonableconsumer

products with the insurance of Indian Industry. This could incorporate measures like
taxes, import quotas, or other trade approaches.

4. Diversifying Sources:

Decreasing reliance on a solitary nation by broadening sources of imports can

moderate the dangers related with overreliance on a solitary trading accomplice.

Conclusion
While the flood of Chinese items offers unquestionable advantages, for example, affordability
and vast variety, it additionally presents huge difficulties to homegrown ventures and public
independence. The sheer variety of Chinese products, spreading over hardware, clothing, and
domestic devices, takes care of different preferences and inclinations, giving customers with
ample choices. The surge of low-valued Chinese merchandise has seriously prevented the
endurance of homegrown undertakings in the business, prompting employment misfortunes,
plant terminations, and a decrease in the general decline in manufacturing sector. Whether or
not to allow the section of Chinese items into the Indian market is an intricate issue with
different monetary, political, and social aspects. Permitting them into the Indian market could
raise concerns over item safety and quality.

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Q2. Countries like US have at times stated “America First” as their policy. Do you consider
that our country should adopt “India First” policy? In this context, explain how countries can
create barriers to promote their own products.

Ans:

Introduction

In the scenario of International trade the US have not only safeguarded its interest but
aggressively practiced “American First” even at the cost of economical and political
stabilities of various countries. Americans have gone to extreme limits to protect not only
their interest but also interest of its ally countries and dominated the world. In this scenario
we have all the rights to adopt “India first” policy. With regards to the "India First" strategy
and its suggestions for global exchange, the idea of patriotism and nationalism should not be
forgotten. Patriotism, when diverted really, can act as a binding together power to focus on a
country's advantages, encourage financial development, and safeguard homegrown
businesses. It can motivate a deep satisfaction and proprietorship among residents, driving
them to help and support local items and undertakings. Nonetheless, it is vital for figure out
some kind of harmony, guaranteeing that patriotism doesn't drift into isolationism or
protectionism, which can impede worldwide participation and economic progress. A
comprehensive type of patriotism that advances "India First" ought to coincide with a
promise to dynamic commitment to the worldwide economy, embracing trade partnership
and conciliatory joint efforts that are valuable together.

Concept and Application

An "India First" approach would revolve around the core standards of encouraging the
development and flourishing of India's economy, defending homegrown enterprises, and
sustaining confidence while at the same time taking part in global exchange and
collaberations. This approach doesn't advocate isolationism or the dismissal of worldwide
exchange, but rather highlights an essential accent on India's interesting prerequisites and
goals.

Idea and Execution: India's Policies and Worldwide Association

India has incorporated a variety of measures aimed at sustaining homegrown ventures and
safeguarding its economy from unreasonable competition. These actions include:

1. Taxes: The inconvenience of duties on imported merchandise to guarantee a level

battleground for homegrown makers by making imported items somewhat more
costly.

2. Non-duty obstructions: The execution of portions, specialized guidelines, and

different measures to deal with the inflow of explicit products.

3. Make in India drive: The commencement of the "Make in India" mission to help
homegrown manufacturing and captivate foreign venture.

4. Expertise advancement: Substantial investments in skill development programs to

equip the workforce with the competencies required for manufacturing jobs

5. Infrastructure improvement: Thorough upgrades in framework, enveloping

streets, ports, and power supply, to expand the proficiency of the manufacturing
sector.

India has likewise been proactively engaged with worldwide exchange discussions, as
exemplified by its support in the Regional Comprehensive Economic Partnership (RCEP),
to widen market access for its labor and products, meanwhile defending its domestic
interests.
India's Strong Presence on the Worldwide Stage

India's noteworthy economic development and extending worldwide impact have situated it
as a noticeable player in global trade. With its sizable market, gifted workforce, and thriving
working middle class, India presents tempting open doors for foreign financial backers and
organizations.

Additionally, India has embraced the undertaking of projecting its social legacy, delicate
power, and technological headways on the worldwide stage. The country's dynamic
commitment to worldwide forums, for example, the World Economic Forum and the G20
has been instrumental in building up its worldwide presence and impact.

An Arising Power in International Trade

India's climb as a central participant in worldwide trade is clear in its developing portion of
worldwide commodities and imports. In 2022, the nation's product exports came to an
exceptional $422 billion, with stock imports adding up to $551 billion.

India's trade with significant economies like the US, China, and the European Association
has enlisted significant development in recent years. India has developed into a significant
provider of skilled manpower and products to different regions across the world.

Conclusion

While protecting homegrown interests is imperative for a country's financial growth, finding
some kind of harmony by effectively captivating in global exchange and cooperation is
similarly pivotal. The idea of an "India First" strategy ought to be seen not as a type of
neutrality but rather as a thoroughly examined way to deal with advance India's economic
growth and confidence while proceeding to assume a critical part in the worldwide
economy. By accomplishing this harmony, India can proceed with its excursion as an
imposing and powerful member in the domain of worldwide exchange.

Q3 a. Explain whether India should continue to fund space programs, and do International
business in space technology to other countries, or invest in making of Toilets?

Ans:

Introduction

In a world set apart by differentiating stories and frequently baffling needs, the domain of
global talk regularly investigates India's aggressive undertakings in space exploration,
especially with its famous Chandrayaan-3 mission. However, this spotlight is frequently
polluted with a disrupting shade of false reverence, as exemplified by a somewhat
inquisitive inquiry presented by a BBC anchor. The question, which scrutinized India's
interest in space against the prevailing poverty and sanitation concerns, raises significant
issues about resource allocation, societal development, and the complexities of modern
nation-building.

As the examination of India's decisions unfurls, a remarkable voice arises — a conspicuous

Indian industrialist, who typifies the exceptionally old battle of a country that endure
frontier rule and keeps on wrestling with multi-layered nation building difficulties. The
actual embodiment of this talk spins around the decision between putting resources into
space projects and keeping an eye on quick social issues, a decision that typifies the two
India's obvious walks and its continuous quandaries.

Concept and Application

India, a country with a rich vhistorical tapestry and a thriving future, winds up at the
junction of desire and misfortune. The worldwide praise earned by its space program, as
exemplified by the Chandrayaan-3 mission, represents a demonstration of its scientific
prowess,technological development, and visionary initiative. India, since acquiring freedom,
has reliably exhibited a pledge to bridling the capability of its populace and moving the
country to the front of space exploration.

On the other hand, the West's distrust, as exemplified by the BBC anchor's question, mirrors
an unmistakable deception. Western media's particular examination and analysis frequently
overlook the wonderful accomplishments of India's space attempts. It is basic to recognize
the certifiable difficulties India faces, including poverty, sanitation, and malnutrition.
Nevertheless, it is similarly significant to perceive that India's space program isn't the direct
opposite of resolving these major problems. The two are not totally unrelated; rather, they
are reciprocal aspects of India's advancement narrative.

As opposed to its adjoining country, Pakistan, which likewise acquired freedom during
similar historical epoch, India's immovable interest in space innovation has delivered rich
profits. Pakistan's inability to seek after a comparable way is a telling difference. The two
nations began with tantamount assets, yet India's relentless obligation to technological
headway has set it on a course of worldwide acknowledgment, while Pakistan has not
reflected this devotion to spaceprogram.

In the more extensive setting, India's process highlights the capability of a country to defeat
the reverberations of colonial rule and drive towards confidence. While Western media
might project question, India keeps on walking forward, courageous by outside doubt,
driven by the vision of a more promising time to come for its residents. The global
community should appreciate the nuanced approach India takes, effectively tending to quick
difficulties while at the same time progressing scientific knowledge and global
collaboration.

Conclusion

As we conclude thisexploration of India's decisions, it becomes clear that the Western

media's analysis frequently clouds the exceptional account of India's advancement. The
subject of asset designation, offsetting space investigation with homegrown difficulties, lies
at the core of this talk. India's accomplishments are a demonstration of its people's
inventiveness and the visionary initiatives of its leadership will not allow history to be a
shackle.

India's obligation to its space program, exemplified by Chandrayaan-3, isn't a demonstration

of carelessness toward domestic challenges yet a statement of purpose to transcend them.
The specific scrutiny of the Western media, as exemplified by the BBC anchor's question,
ought to provoke us to perceive the intricacies that countries like India face as they wrestle
with multi-layered difficulties while pushing the limits of human knowledge and potential.
India, with its determination and unflinching vision, addresses a microcosm of a country that
will not be limited by the reverberations of history and takes a stab at a future characterized
by progress and resilience.

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Q3b. Explain whether India should continue to export food grains to various other
countries?
Ans

Introduction
In the domain of India's economic and social scene, the subject of trading food grains to
different nations takes on significant importance, laced with the actual embodiment of
resource allocation, societal development, and the endeavor to elevate the living standards of
its citizens. This talk emerges following conversations in regards to India's space investigation
tries and a squeezing question raised by a BBC anchor. The inquiry, which stressed India's
domestic challenges, highlights a more extensive exchange about balancing global
participation with the responsibility to ameliorate the plight of its impoverished citizens.
India's complicated embroidery is set apart by a blossoming agricultural area and a great job as
a food exporter on the worldwide stage. It is a mystery where bountiful food trades exist
together with difficulties of food insecurity among a significant portion of the population. This
logical inconsistency makes one wonder: should India continue to export food grains while
facing domestic challenges?
Concept and Application
The essence of India's situation lies in the need to find some kind of harmony between its job
as a food exporter and resolving the squeezing domestic issues examined before. The way to
accomplishing this equilibrium lies in a multi-layered approach that use innovation, education,
and strategic employment initiatives.
Effective Distribution through Technology
The cutting edge time offers a plenty of technological tools that can reform food
dissemination. Utilizing advanced digital platforms, mobile applications, and data analytics
can create efficient and transparent food supply chains. These innovations can diminish food
wastage, improve food quality, and guarantee that food grains arrive at the planned
beneficiaries immediately. India's quickly developing digital landscape presents a significant
chance to address dispersion challenges.
Literacy and Awareness
To address food security completely, reinforcing education and awareness among the
underestimated segments of society is basic. Education programs that engage residents with
knowledge about sustenance, food capacity, and compelling effective utilization of resources
can fundamentally diminish food wastage and improve food security.
Suitable Employment for Deprived Citizens
A basic component in lifting the expectations for everyday comforts of deprived Indian
residents is the creation of suitable employment opportunities. By cultivatingskill development
and job creation drives, especially in country regions, India can all the while upgrade pay
levels and further develop food access for poor populaces.
Conclusion
India's journey is complicatedly woven with the need to balance global participation, food
exports, and domestic challenges. The compelling distribution of food grains utilizing
technology, combined with the spread of education and the formation of appropriate
employment opportunities, is the key part of this harmony.
By utilizing state of the art technology, India can introduce a time of effective food
distribution, lessening food wastage and guaranteeing that food grains come to the neediest.
All the while, education and awareness projects will enable residents to augment the
utilization of available resource and diminish food wastage.
Reasonable employment initiatives won’t just hoist expectations for living standards yet in
addition upgrade admittance to nourishment for the most underestimated portions of society.
The critical lies in taking on a complete, complex methodology that use India's technological
ability and obligation to the prosperity of its residents while proceeding to assume an
imperative part on the worldwide stage. By striking this balance, India can further its mission
of prosperity and equity for all.

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