Ajit Ranade, president and chief economist, Aditya Birla Group, commented on India's ongoing tension with China. He said that Indian industry imports many intermediate goods which are then used to make products meant for export from the country. He said that this capability can't be developed in India overnight, and so imports from China can't be abruptly 'switched off'. The discussion with Mitali Mukherjee, Fellow, ORF was part of Mint's Road to Recovery series focused on the upcoming Budget.
