RISING TO THE CHINA CHALLENGE

WINNING THROUGH STRATEGIC PATIENCE AND ECONOMIC GROWTH

RISING TO THE CHINA CHALLENGE

WINNING THROUGH STRATEGIC PATIENCE AND ECONOMIC GROWTH

Gautam Bambawale, Vijay Kelkar, R.A. Mashelkar, Ganesh Natarajan, Ajit Ranade and Ajay Shah

SKOCH Literature Award: Rising to the China Challenge

LITFest: Panel Discussion – Rising to the China Challenge

L to R: C P Gurnani, Managing Director & CEO, Tech Mahindra; Sameer Kochhar, Chairman, SKOCH Group & Ajit Ranade, Executive President & Chief Economist, Aditya Birla Group
L to R: C P Gurnani, Managing Director & CEO, Tech Mahindra; Sameer Kochhar, Chairman, SKOCH Group & Ajit Ranade, Executive President & Chief Economist, Aditya Birla Group

The book is an apt narrative on handling the rising China challenge in context of conflict that has resurfaced on the Sino-Indian border. It says that the events of Doklam and Ladakh are not the end of this story. India now faces the prospect of an even further hostile relationship with China – a problem that is likely to play out at a strategic scale. As China is substantially ahead of India in many aspects, times may be difficult for India. Authors have been mindful of such realities and have developed an intellectual framework for an Indian strategy. The book examines this problem from India’s point of view and carries out an in-depth study of China and a compare and contrast with India establish the roadmap for the economic, diplomatic and military aspects of the bilateral relationship.


Rising to the China Challenge

Gautam Bambawale, Vijay Kelkar, R.A. Mashelkar, Ganesh Natarajan, Ajit Ranade and Ajay Shah

Rising to the China Challenge is a stellar contribution to India’s rethinking of how to manage a more dangerous China.

Conflict has resurfaced on the China–India border. The framework that had prevailed from 1988 to proceed with deep engagement while the border issues lay unresolved has come to an end.

The events of Doklam and Ladakh are not the end of this story. India now faces the prospect of a hostile relationship with China. This is not just a problem of sending troops to Ladakh; this is a problem that will play out on a strategic scale. It is difficult for India to navigate these waters, as China is substantially ahead of India in many aspects.

Thinking about these questions and developing an intellectual framework for Indian strategy is very important in India today, and will have an impact on a broad swathe of Indian policy planning.

In Rising to the China Challenge Gautam Bambawale, Vijay Kelkar, R.A. Mashelkar, Ganesh Natarajan, Ajit Ranade and Ajay Shah, examine this problem from India’s point of view, and develop the elements of the Indian strategic response. Their in-depth study of China and a compare-and-contrast with India in an array of practical areas, ranging from electric vehicles to taxation of corporations, establish the roadmap for the economic, diplomatic and military aspects of the bilateral relationship. This book represents a holistic picture that integrates these three diverse perspectives.

Rising to the China Challenge is a call to action that policy planners will find invaluable while engaging in deep consultations and developing a pragmatic way forward.


Amb.(Retd) Gautam Bambawale

Gautam Bambawale worked in the Indian Foreign Service (IFS) for 34 years between 1984-2018. He has been India’s Ambassador to Bhutan, Pakistan and China. He has headed the Indian Cultural Centre, Berlin. He was stationed in Washington D.C. during the Indo – U.S. nuclear deal. He has worked at the Prime Minister’s Office. He has had 17 years of experience dealing with China, in various capacities. He is fluent in Chinese and German. He has an M.Phil in Economics from the Gokhale Institute of Politics and Economics, Pune.

Vijay L. Kelkar

    Vijay L. Kelkar is an Indian economist and academic, who is currently the Chairman of the Forum of Federations, Ottawa & India Development Foundation, New Delhi and Chairman of Janwani – a social initiative of the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) in Pune. He has been appointed as a trustee of Sri Sathya Sai Central Trust (Puttaparthi, A.P.) on 4 January 2014. He was also the Chairman of the Finance Commission until January 2010. He was earlier Advisor to the Minister of Finance (2002–2004), and is known for his role in economic reforms in India. Prior to this, he remained Finance Secretary, Government of India 1998–1999, and in 1999 he has been nominated as Executive director of India, Bangladesh, Bhutan and Sri Lanka on the board of the International Monetary Fund (IMF).

    Dr R.A. Mashelkar

    Dr Raghunath Anant Mashelkar, also known as Ramesh Mashelkar, (born 1 January 1943) is an Indian Chemical Engineer, born in a village Mashel in Goa and brought up in Maharashtra. He is a former Director General of the Council of Scientific and Industrial Research (CSIR). He was also the President of Indian National Science Academy (2004-2006), President of Institution of Chemical Engineers (2007) as also the President of Global Research Alliance (2007-2018). He was also first Chairperson of Academy of Scientific and Innovative Research (AcSIR). He is a Fellow of the Royal Society, Fellow of the Royal Academy of Engineering (FREng), Foreign associate of US National Academy of Engineering and the US National Academy of Sciences.

    Dr Ganesh Natarajan

    Dr. Ganesh Natarajan is Executive Chairman and Founder of 5F World, a platform for Digital Start-ups, Skills and Social Ventures in the country. He is also Co-Founder of Global Talent Track, Skills Alpha and Lighthouse Communities Foundation and two Indo-US Joint Ventures – Kalzoom Advisors and the Center for AI and Advanced Analytics. He also serves on the Boards of Principal Asset Management, Hinduja Global Solutions, Educate Girls, Asian Venture Philanthropy Network, Singapore, Systech Inc and Social Venture Partners (SVP) International, USA.

    Ajit Ranade

    He earlier served as an Executive Officer of Financial Technologies India Ltd. and Chief Economist at ABN AMRO Bank. His professional career has spanned academic and corporate assignments, including teaching in universities in India and U.S. Dr. Ranade serves as a Director on the Board of Hindalco Almex Aerospace Limited, a joint venture company of Hindalco and Almex Inc. of USA. He has served on various committees of the Reserve Bank of India, most recently in the committee for Fuller Capital Account Convertibility.

    Dr Ajay Shah

    Dr. Ajay Shah studied at IIT, Bombay and USC, Los Angeles. He has held positions at Centre for Monitoring Indian Economy (CMIE), Indira Gandhi Institute for Development Research (IGIDR), Department of Economic Affairs at the Ministry of Finance and National Institute for Public Finance and Policy (NIPFP). He does academic and policy-oriented research on India, at the intersection of economics, law and public administration. His second book, co-authored with Vijay Kelkar, is “In service of the republic: The art and science of economic policy”, and was published in 2019 by Penguin Allen Lane. His areas of focus are macroeconomics, finance, health, and technology policy.

    Rising to the China Challenge

    Gautam Bambawale, Vijay Kelkar, R.A. Mashelkar, Ganesh Natarajan, Ajit Ranade and Ajay Shah

    Rising to the China Challenge is a stellar contribution to India’s rethinking of how to manage a more dangerous China.

    Conflict has resurfaced on the China–India border. The framework that had prevailed from 1988 to proceed with deep engagement while the border issues lay unresolved has come to an end.

    The events of Doklam and Ladakh are not the end of this story. India now faces the prospect of a hostile relationship with China. This is not just a problem of sending troops to Ladakh; this is a problem that will play out on a strategic scale. It is difficult for India to navigate these waters, as China is substantially ahead of India in many aspects.

    Thinking about these questions and developing an intellectual framework for Indian strategy is very important in India today, and will have an impact on a broad swathe of Indian policy planning.

    In Rising to the China Challenge Gautam Bambawale, Vijay Kelkar, R.A. Mashelkar, Ganesh Natarajan, Ajit Ranade and Ajay Shah, examine this problem from India’s point of view, and develop the elements of the Indian strategic response. Their in-depth study of China and a compare-and-contrast with India in an array of practical areas, ranging from electric vehicles to taxation of corporations, establish the roadmap for the economic, diplomatic and military aspects of the bilateral relationship. This book represents a holistic picture that integrates these three diverse perspectives.

    Rising to the China Challenge is a call to action that policy planners will find invaluable while engaging in deep consultations and developing a pragmatic way forward.


    Gautam Bambawale worked in the Indian Foreign Service (IFS) for 34 years between 1984-2018. He has been India’s Ambassador to Bhutan, Pakistan and China. He has headed the Indian Cultural Centre, Berlin. He was stationed in Washington D.C. during the Indo – U.S. nuclear deal. He has worked at the Prime Minister’s Office. He has had 17 years of experience dealing with China, in various capacities. He is fluent in Chinese and German. He has an M.Phil in Economics from the Gokhale Institute of Politics and Economics, Pune.

    Amb.(Retd) Gautam Bambawale
    Vijay L. Kelkar

      Vijay L. Kelkar is an Indian economist and academic, who is currently the Chairman of the Forum of Federations, Ottawa & India Development Foundation, New Delhi and Chairman of Janwani – a social initiative of the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) in Pune. He has been appointed as a trustee of Sri Sathya Sai Central Trust (Puttaparthi, A.P.) on 4 January 2014. He was also the Chairman of the Finance Commission until January 2010. He was earlier Advisor to the Minister of Finance (2002–2004), and is known for his role in economic reforms in India. Prior to this, he remained Finance Secretary, Government of India 1998–1999, and in 1999 he has been nominated as Executive director of India, Bangladesh, Bhutan and Sri Lanka on the board of the International Monetary Fund (IMF).

      Dr Raghunath Anant Mashelkar, also known as Ramesh Mashelkar, (born 1 January 1943) is an Indian Chemical Engineer, born in a village Mashel in Goa and brought up in Maharashtra. He is a former Director General of the Council of Scientific and Industrial Research (CSIR). He was also the President of Indian National Science Academy (2004-2006), President of Institution of Chemical Engineers (2007) as also the President of Global Research Alliance (2007-2018). He was also first Chairperson of Academy of Scientific and Innovative Research (AcSIR). He is a Fellow of the Royal Society, Fellow of the Royal Academy of Engineering (FREng), Foreign associate of US National Academy of Engineering and the US National Academy of Sciences.

      Dr R.A. Mashelkar
      Dr Ganesh Natarajan

      Dr. Ganesh Natarajan is Executive Chairman and Founder of 5F World, a platform for Digital Start-ups, Skills and Social Ventures in the country. He is also Co-Founder of Global Talent Track, Skills Alpha and Lighthouse Communities Foundation and two Indo-US Joint Ventures – Kalzoom Advisors and the Center for AI and Advanced Analytics. He also serves on the Boards of Principal Asset Management, Hinduja Global Solutions, Educate Girls, Asian Venture Philanthropy Network, Singapore, Systech Inc and Social Venture Partners (SVP) International, USA.

      He earlier served as an Executive Officer of Financial Technologies India Ltd. and Chief Economist at ABN AMRO Bank. His professional career has spanned academic and corporate assignments, including teaching in universities in India and U.S. Dr. Ranade serves as a Director on the Board of Hindalco Almex Aerospace Limited, a joint venture company of Hindalco and Almex Inc. of USA. He has served on various committees of the Reserve Bank of India, most recently in the committee for Fuller Capital Account Convertibility.

      Ajit Ranade

      Dr. Ajay Shah studied at IIT, Bombay and USC, Los Angeles. He has held positions at Centre for Monitoring Indian Economy (CMIE), Indira Gandhi Institute for Development Research (IGIDR), Department of Economic Affairs at the Ministry of Finance and National Institute for Public Finance and Policy (NIPFP). He does academic and policy-oriented research on India, at the intersection of economics, law and public administration. His second book, co-authored with Vijay Kelkar, is “In service of the republic: The art and science of economic policy”, and was published in 2019 by Penguin Allen Lane. His areas of focus are macroeconomics, finance, health, and technology policy.


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