the great indian bureaucracy. these people have no experiences and they go on to create bs norms which only harm the common man. i wonder how they get the jobs.
oh wait, i do know. by some bs govt exams which requires them to mug up volumes of indian history and geography. no wonder.
you just passed 10th so i won't expect you to understand it now but economics is much more complex & harder to understand than what it seems by looking at politicians tv debates on fdi & what not.you mentioned chinese imports but have you read about silence of indian manufacturers when Rahul Gandhi asked a delegation of indian businessmen why they can't make indian products to fight chinese imports in such categories as toys,small electronics goods etc.the reason indian products died is because they can't compete honestly.i said honestly because you can increase import duties to 100% to make chines imports cost much more but then it would give rise to smuggling.Indian govt tried that once with gold in 1960/1970s which only gave rise to mumbai underworld & eventually dawood ibrahim.moral of the story is only by honestly competing a product is allowed to rise/dominate & if one can't do that then simply accept that & move on.
This norm might have a bad impact on the tech sector of India.
Might ??
you are still in Doubt ???