“‘Make in India’ has become ‘Buy from China’. Each year we import Rs. 6,000 worth of goods from China for every Indian! A 100 per cent increase since 2014,” the former Congress chief said in a tweet.
“RCEP will flood India with cheap goods, resulting in millions of job losses & crippling the Indian economy,” Gandhi said.
His remarks come two days after Congress president Sonia Gandhi launched a blistering attack on the government’s economic policies and said signing the RCEP agreement will deal a “body blow” to the economy, resulting in “untold hardship” for farmers, shopkeepers and small enterprises.
The proposed free-trade agreement includes 10 member-countries of the Association of Southeast Asian Nations (Asean) and six of the bloc’s dialogue partners China, Japan, South Korea, India, Australia and New Zealand.
The possible delay in firming up the RCEP during the three-day Asean summit in Bangkok has been attributed to India’s demands on market access and tariff-related issues.
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