Once upon a time, India was known as Sone Ki Chidia which was a matter of pride for us. But now India is becoming dependent on other countries. In past, India was famous for silk saris which can be passed from ring only. We were also famous for the spices which were exported to whole world. We were at the forefront of the shipbuilding business. Teak ships made from India ran for 30-40 years. While textiles made in India were exported to European countries on a large scale. India’s GDP was very high in the 17th and 18th centuries due to these trades but after independence, India was now seen as dependent country. We are dependent on every developed country for technology, Defense equipment, Major constructions like Statue of Unity, where we have to import parts from china itself. Thus India is one of the largest markets for Chinese goods. However right now, we see rising tensions between India and China due to Laddakh Stand-off at LAC and people are boycotting Chinese things and adopting indigenous things. But at what extent it is possible?? We will see every part of it in details in this article.
Galwan’s answer boycott Chinese products!
What happened in Galwan Valley on the night of 15th June 2020 shook the country. China betrayed Indian Soldiers at LAC in which our 20 soldiers has been martyred. Also, Many Chinese soldiers have been killed by Indian Soldiers but China never present the fact file in public. This move of China can be resulted in very bad for them in future. This day can be considered as a black day for the country. Whether it’s a war like Galwan or a pandemic like Corona!! All this is happening in the glory of China. Today the country is in the throes of Corona so many businesses and jobs have come to a standstill and has felt the economic tweak due to Corona. Today the whole world is stuck in the pandemic of Corona and falling behind. India’s GDP has also fallen sharply. If we want to improve country’s economy, there is only one way which is “Self-reliant India.”
Slogans have started echoing in the country of Hindi-Chinese Bye-Bye after the Chinese feat in Galwan valley. After such a brutal war, the country has started boycotting Chinese goods! The Indian people have stopped buying Chinese goods in the markets. After the Galvan War, every consumer started asking, ‘Isn’t this Chinese?’ to the traders. This is the first step towards revolution for a country. At present there is a hot war going on between India and China. The Indian people are now prefers to buy only indigenous goods. But is a complete boycott of Chinese goods possible? What is China’s dominance in the Indian market?
China’s market in Indian market: –
Today Chinese goods are predominant in the Indian market, If you sees every other electric item is manufactured by china, it is not so easy for us to boycott all this product of China, so we have to become self-reliant by work hard, Innovation and technology, Nothing is possible for us.
Chinese companies have dug up the foundations of cheap things that have become difficult to shake.
Let’s see share of Chinese product in different markets.
Smartphones: –
We know that smartphones are being sold a lot in India, whether it is Vivo, Oppo, Real me, One plus or Lenovo, all these smartphone companies are Chinese in which Bollywood celebrities are promoting. Chinese companies account for 72% share of smartphones in Indian Market. Also, Indian companies’ phones are very expensive due to labor, resources and technological issue.
Telecom sector:
Chinese companies account for about 4% of the telecom sector. China has a market of around Rs 12,000 crore in telecom sector.
Television: –
Now a day, many of us wanted to have Mi TV at home because of their cheap price and attractive features. Same way, Sony, Samsung, LG & other brands are very expensive in price compare to Mi and any other chines brand TVs. Thus, China’s share in Television in India is about 45%.
Pharma: –
Chinese Pharma companies have around 60-70% share in India with a market size of Rs.3 billion. Many Chinese medicines are available here which are cheap so that poor people can afford them. In contrast to this, medicines made in India are very expensive and ordinary people cannot buy it.
Toys:
Today, Majority toys available in India are of made in China. About 70 per cent of toys are imported from China to India and to avoid such a large Import, Shree Narendra Modi announced to make the country a toy hub. However 70% of the toys in the world are made in China. According to statistics, the Chinese toy business in India is worth about Rs.2000 crore. The plastics and paints used in Chinese toys are harmful to the health of young children.
Home appliances: –
In most cases in India, household items such as mixer, blender & fridge belong to Indian company but also account for 10-15% of Chinese companies.
Steel:
The market size of steel in India is 100.5 million tons of which, Chinese companies account for 15 to 20 per cent.
Auto Component: –
When it comes to auto components, most of the components required for a car come from China. Auto Parts related to Electricals, interiors, brake systems and transmissions are largely supplied by Chinese companies.
Internet application: –
We know that Tiktok was a hit in India. In just three months between October and December 2019, the company earned Rs.25 crore from this app. The company had set a revenue target of Rs.100 crore between July and September this year. About 65% of people use at least one Chinese app, but after the brutal war in Galwanghati, India launched a digital strike on China in which the Indian government fired 115 Chinese app including PUBG game, which has become especially popular among children and young people. This is a matter of great pride. In doing so, China has suffered a huge economic blow.
In addition,
We see that India imports watches, chemicals, electrical appliances, plastic, iron and furniture from China.
About 15% of India’s total imports are from China.
In 2019, India imported 62.4 million worth of goods from China.
China’s investment is highest in some companies like Paytm, Ola, Flipkart, Big Basket, Snap deal. Boycott Chinese products for this are emotionally possible but practically very difficult.
So what are the alternatives / way ahead: –
If we want to get rid of Chinese things, we have to work hard to have an Indian company.
Services must be revolutionized.
The price of things has to be reduced.
Improve of skilled labors
For this, the government will have to reduce business loans.
Government initiatives: –
Prime Minister Narendra Modi has launched the Make in India scheme for a self-reliant India which is having some success in which, many items will be made in India like toys and electronics so that country can reduce imports of many items.
On the other hand All India traders have recommended a 300 percent tariff on Chinese goods to discourage Chinese sales.
It is not so easy to completely ban the Chinese thing because it can be effect on poor but, we have to bring a lot of revolution to make the thing in India. For this we have to unite and promote Make in India movement to increase exports. A Simple example to this, China is huge consumer of green tea and black tea and India can fulfill their demands, so by exporting tea to China, India can get benefits in reducing import-export gap. But, still this requires long-term strategies and determination. Only then can our country become a self-reliant India.
