Boycott chinese - It's impact on indian economy.

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Introduction.


The products which India imports from China include various electronic items like mobiles, computers, telephones, integrated circuits, electric transformers and in short china has completely dominated e3lectric exports to India. China also exports crude petroleum, cars, gold and much more. Even it exports raw material for drugs in significant figures to India. China's total exports to India stands at $65.1 billion in the fiscal year 2020 compared to India's export to China it is almost 5 times more which stands at $16.6 billion in 2020. China exports to India stands at 7th rank among total exports of China. 
 

Why the Chinese economy dominating globally?


The Chinese economy has grown drastically in the past few years because of its attractive business policy. In China, due to its large population, the labour work is quite low as compared to other countries. It apart from that Chinese people mainly focuses on bringing up their economy by importing less and exporting more. They try to increase their G.D.P more to be les dependent on other countries. That is the reason why various big companies like Apple, hp, and many more get manufactures or assembles their products from china. 

Why India is mostly dependent on china?




As we know, almost all electronic items and raw material for drugs are exported from China. Without china, we cannot even assemble one laptop or mobile in India. There are several parts of these things which we have to import from china. Other than that, lights on Diwali, firecrackers, and various plastic items are being imported from China. On the other hand, Chinese things are so attractive and cheap so that we can't resist ourself from buying. 60% of the smartphone market, 90% of the toy market, 70% of the electronics market, 80% of the drugs market is clearly occupied by china in India. If in case, we boycott Chinese products buy do you know that Chinese companies also hold high investments in Indian startups like byju's, swiggy, Flipkart, dream 11, ola, etc. 

Can India boycott Chinese products?


Yes, Definitely we can do it. But it takes time because china's impact on our country is so much. But slowly, we can do it. Due to this recent coronavirus crisis which is believed to be originated from china many nations are affected by it and that states are taking their revenge from china by cancelling their trade deals. India, on the other hand, dealing with the coronavirus and crises at galwan valley of Ladakh where our 20 soldiers are killed by China, and many are injured. Due to this, the inhumane act of china Indians are filled with anger, and India also decided to decrease their trade with China. Prime minister of India Mr Narendra Modi in his last speech also said that we should become less dependent on other countries by launching the campaign named "aatmanirbhar Bharat" After indo-china conflicts at the border in Ladakh social media is burst with messages to boycott Chinese products and go for Indian alternatives.

What's its impact on the Indian economy?


India being one of the biggest trade partners of China, it always tries to wage war with India or by indirectly supporting India's neighbour countries also rivalry Pakistan India if wants to can teach a lesson to china by reducing their exports from China and also from different countries and try harder to expand exports. India gradually reduces its imports from China and other resulting in an increase in India's economy, G.D.P, development, employment and power too. If we Indians unite in this, we can definitely do it. So my request to all my fellow Indian to check "made in India" before purchasing. We know that we use Chinese smartphones and laptops. But as we know that we can remove "Chinese software in a week" and "Chinese hardware in a year". 

If we boycott Chinese exports and started producing more and more in India only then we become the second most developed country in the world. With this, our small scale industries also come up forward to serve India which will help India as well as people of India. 

~ By Ekta jesani.



















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