Is India Ready To Completely Boycott Chinese Products?
Chinese value-add in total imported manufactured inputs for Indian manufacturing is more than 20 per cent for textiles, pharmaceuticals, etc.
India and China share a complex history, often fraught with unease and discord; the most recent incident being the Indo-China border dispute in Ladakh. As reports of the clash poured in, Indian social media was flooded with appeals to boycott Chinese products and restrict trade with China – a narrative that has gained widespread traction in the last few months. The viral video from Surat in which a group of men can be seen throwing their “Chinese” television from a balcony is a glimpse of this sentiment. Can Indians really afford to challenge the dragon?
China has been India’s largest import partner for some years now. During 1990 to 2018, China’s share in India’s imports has on an average increased and outperformed that of India’s other top import partners. While China’s share in Indian imports was 15 per cent for the year 2018, that of Saudi Arabia, Switzerland, UAE and the US remained in the range of 4 to 6 per cent. Chinese value-add in total imported manufactured inputs for Indian manufacturing is more than 20 per cent for textiles, pharmaceuticals, rubber and plastic, computer and electronics, electrical and transport equipment.
Get the latest economic news updates on ZEE5.