Boycott of Chinese Goods
We all know that the tensions between India
and China are increasing day by day. This has also lead to stop the import of
certain goods in India from China. This will lead to growth in the business of
local retailers and manufacturing companies. The situation during the pandemic
has given a chance to local companies to emerge.
The CIAT decision
The Confederation of All India Traders has
recently decided to boycott all Chinese products. A list has been prepared for
around 3000 items. The list includes toys, gifts, watches, clothes, and many
more products. In the past 20 years, the import of goods from China has
increased by 3500 per cent.
A shift from Chinese Diwali to Indian Diwali
The officials said that it will not be a
Chinese Diwali anymore in India. All the lights and decoration products will be
manufactured in India. None of the products will be stocked from China.
Growth of the Chinese Market in India
According to reports, in 2001 the import was
of around 1 billion. But, in 2020 it has increased to 70 billion. This shows
that China has almost taken over India’s whole retail market. Therefore, the
Indian businessmen were not able to succeed in any way. There was an error from
the end of the business community also that allowed China to become so big in India.
Due to tensions at the border with the Chinese
troops, everyone wants to boycott Chinese products. Chinese products are of low
cost but they do not offer good quality. People are now understanding that by
buying Chinese products they are harming themselves.
Thus, India can become self-reliant by
supporting and trusting its Indigenous resources and industries. The combined effort of every Indian
will definitely benefit the Indian businessmen and retailers.
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