Do go ahead and watch this ex-bureaucrat explain how US-India trade deal would work and how it would pan out. This guy retired in 2019/20. Go to his social media timeline and see his posts. These are the people who are looking out for India's interests and working with the BJP. The entire timeline consists of pandering to the left (which I have no issues with). I fail to understand how the BJP is vetting its top officials in ministries.
India’s former finance secretary Subhash Garg says a US-India trade deal is unlikely, given the wide gulf between their positions on key issues. He cautions against negotiating from a position of weakness, and urges India to instead reconsider its economic engagement with China.
Haven't watched the interview but I've come across many such characters in the past on X . Their reasoning is simple . Trade must flow whomsoever we trade with.
The objective being trade keeps the GDP up , a must for a developing country like ours. This is precisely the stand Montek Singh Ahluwalia took w.r.t the RCEP . He wanted India to sign on to the pact .
What such views gloss over or neglect to consider is the eventual effect this has on our economy in terms of trade dependencies.
If you pose this question to these characters they'd counter with competition is always good for the market as it helps bring out the best in them pointing out to the licence permit raj pre liberalisation where certain Pvt Cos enjoyed a monopoly viz Bajaj Auto in rickshaws & scooters & so on
They also neglect to consider the fact that if you open your markets to Chinese products , these same Chinese industries were grown on the back of huge subsidies by the CCP which still plays a huge part in their exports by keeping costs down & given ba chance will destroy your domestic production as ASEAN countries are now discovering to their horror. They can't do much about it as that'd involve inviting all kinds of retribution from China.
These guys then aren't pro or anti anything , they're merely myopic whose world view is guided by expediency more than robust thought & rigorous testing of the soundness of their policy making abilities.
Simultaneously the Chinese have a habit of promoting cut throat competition in any sector domestically such that Darwin's law prevails probably to avoid the pitfalls of what India & most other planned & controlled economies including China faced before their version of liberalisation . A good case in point is the EV sector in China. The fact that a mobile phone mfg Xiaomi is now mfg EVs & is pretty successful at it is telling & they got into this sector 5 years ago or thereabouts.
Returning to China it's also telling that China's a big votary of free trade today as opposed to 2 decades ago when the US under Clinton permitted Chinese entry into the WTO where on many issues of trade including access into sensitive sectors of developing economies like agriculture dairy retail & so on , India & China were together co ordinating strategies often thwarting the developed world much to their frustration accusing India China & the developing countries of protectionist policies & unnecessary subsidies .
While India's certainly come a long way since then China's gone that much further . Ironically it's the west which is being protectionist today.