India boycotting Chinese products has been trending these days . And it has been observed that civilians are reacting to the recent act which happened on the Indo-China border. The loss of our 20 brave soldiers is hitting the minds of people across the country. Defence and our political leaders are finding the best way out to fight these back. But current happenings arise, the big question which needs to be addressed which is to continue trade with them. Losing lives of our country men and still continuing trade with the same country is a shame for us as a response to those brave souls. Common man is filled with anger and in the steps to take revenge and show their aggression, they have decided to boycott these products and their import.
But “How difficult and how bad it could be for us to stop trade with these Chinese companies right away”. The major area to focus before discussing the Chinese products and their usage in India would be the export and import of products in and by India. The import percentage is almost double the amount of export we generally do.This surely defies our dependencies not only on China but also on other countries for more of our products. India lacks in their productivity growth which means the lack of raw material for manufacturing any product. Thus India is dependent on other countries for even the raw material. India along with that does not have better skilled labour due to lack of literacy around the country. This leads to rise of manufacturing cost of products and surely rise in their sale cost also. Which countries like China, have a plus point with. They have highly skilled labour, and due to high populations , work is a priority so they hire these skilled people at much lower cost and thus earn better profits than other international companies.
Comparing China and also enlisting India’s dependency on it. India is dependent on china for most of its products and components which include:
- Automotive parts
- Electronic material and parts
- Pharmaceutical ingredients
- Consumer durables
- And many more raw materials.
These components and their share is hide in importing from other countries and especially china for cost effectiveness. Along with that all the countries are shifting towards sustainable forms of energy and one of the forms is solar energy, but the interesting fact is that most of the components in it are made in China.
India technology as compared to China lacked in the time-period along the years as they invested most of their resources in creating resources which India focused on just importing and buying them. Many schemes like Make in India and a recent Atma Nirbhar bharat as launched by Prime minister of India Mr. Narendra Modi, which purely focuses on developing their product and manufacturing most of them india. The main area we lack is raw material, India to manufacture products has to import most if raw material from other countries especially china. So India should try to shift to some other source for their raw material and on coming years must focus on there technology and production of these raw material and ingredients in our country only.
It’s hard to believe and accept but yes India is dependent on china for most of its product and boycotting them and this stage could result in high lack of these resources especially in pharmaceutical industry, as many medicine especially paracetamol and ingredients used in it comes from china, so boycotting chinese product and its use could be harmful especially in today’s era if pandemic.
“India should surely learn from this and focus and initiate more towards encouraging people to come up with their ideas of startup which include manufacturing and production of products within the country only, relying less on foreign imports rather focused on foreign exports in near future. India can develop its own market of products and raw material by focusing more on the inputs available in the country itself, and surely in future, India would see a hike with its products being exported all over the world, leaving with us a higher economy and growth capacity and independence from major exports from other countries”.