Shutting India's doors will not help, says CEA amid anti-China sentiments

Amid the current anti-Chinese sentiment triggered by the Sino-India border tension and talks of an import substitution policy, Chief Economic Advisor Krishnamurthy V Subramanian on Tuesday said shutting the doors to other countries will not help India.

He said the country had followed the import-substitution model till 1991, and that approach has been discredited since.

Speaking at a webinar organised by MCCI, Subramanian said, "India has to compete with other countries and insulating itself from others will not help."

"Having said that, there are, however, exceptions to this. I will not say that trade should continue with countries which are creating