Boycott Chinese products

For the past few days, we have seen conflicts going at the border between India and China. We have lost 20 soldiers in a recent clash at midnight on 15 June. Due to the effect of that conflict, people's outrage is flowing around the country against Chinese products. But showing outrage in social media and trending hashtags are enough to make the country free of Chinese products? There are  lots of questions  also raising with this outrage:

What China sells to India?

Are we as an Indian really is in a state to boycott Chinese products?

How Chinese companies have seized our market? 

Let's explore....................

What China sells in India?

China exports to India comprise:

• Smartphones
• Electrical Appliances
• Power Plant Inputs
• Fertilizers
• Auto components
• Finished steel products
• capital goods like power plants, telecom equipment, metro rail coaches, iron and steel products
• Pharmaceutical ingredients
• Chemical and plastics
• Engineering goods among other things.....

Are we as an Indian really is in the state to boycott Chinese products?

Smartphones

For the last few weeks, nationwide protests are going on. But the ground reality is quite different.

"The Chinese smartphone maker OnePlus saw its flagship 8 pro being sold within minutes of going on sale on June 18th "the e-commerce company Amazon stated. 

Four of the top five smartphone brands in India (Xiaomi, Vivo, Realme, and Oppo) are from China and accounted for almost 76% share of the 32.5 million smartphones shipped in India in the March 2020 quarter (according to IDC data).

Despite being aware of all these facts and figures, we have no major company that can compete with its Chinese counterparts. Indian companies like Karbonn, Lava, Micromax are almost closed as smartphones like Xiaomi, Oppo, Vivo, Realme fulfill the demand of Indian customers for having a smartphone that contains almost all functions in a well affordable range. 

Pharma Sector

The pharma sector is the biggest sector on which we depend on China for a long long time.
Pharmaceutical export from India stood at US$ 19.13 billion in 2018-19 and reached US$ 13.69 billion in 2019-20. It is expected to grow by 30% to reach US$ 20 billion by the year 2020. So this proves that we depend on China for our Pharma sector on a large scale.

How Chinese companies have seized our market?

Understanding the numbers

The bilateral trade between China and India was worth $88 billion in the fiscal year ending March 2019.

China accounted for over 5% of India's total exports in the financial year 2019-20 and more than 14% of imports. Meaning, India runs huge trade relations with China, the biggest exporter to India. 

India's imports from China jumped 45 times since the year 2000 to reach over $70 billion in 2018-19, according to Invest India.

Opportunities 

There are also very good opportunities for India to become a self-reliant country. Here, the big firms have to play a big role in making reliable and affordable products for Indian customers.

Here, we can also hope from the government to take proper decisions. As of now, the Indian government officials said they plan to impose higher trade barriers and raise import duties on around 300 products from China.

India currently has a $59.3bn trade deficit with China.

The decision will target imports worth $8-10 billion with the aim of deterring non-essential lower quality imports which render Indian products uncompetitive.

We can also remove various non - essential products that we use on a daily basis by identifying them.

I think making India a Chinese-free country is a tough thing but not impossible. The government and various big giant companies have to work towards "ATMA NIRBAHR BHARAT". People's response towards the local products will play a major role in the coming 5 - 6 years.

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