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• Here are the few negative impact of Chinese product on Indian economy:-
i. Huge currency transfer
ii. Our local industries are suffering
iii. Joblessness
iv. Crime and migration
v. Downsizing our economy by Chinese product
vi. Social instability
vii. No consumer for local product
viii.Decrease in world rating leads to poverty, weakening our defence,
standard of living.
Continued…
• Chinese product are affecting not just the domestic business and
industrial market, but also the export market of India as many people
are replacing Indian good with Chinese ones.
• Few points to support the concerns are:
Chinese crackers contain sulphur which is more dangerous than
nitrate and during Diwali they create a lot of pollution in the
country.
Apart from crackers, Chinese toys are also impacting the Indian toy
industry. Nearly 40% of Indian toy companies have been closed in the
last five years and rest 20% are struggling to break even.
If we see the condition of Indian market , we would find that in
every sector there is a superiority of Chinese goods.
A BIT OF CHINA IN EVERY PRODUCT
India is the largest importer of Chinese goods and services. India
imports from China nearly seven times more than it exports to
that region.
In almost every product there is a little bit of China.
Chinese smartphone brands currently power over $8 billion of
India’s smartphone market by 51%.
China exported well over 60% of electronic products and
component in 2018-2019.
The number of items we import from China is huge:
Consumer durables such as electrical devices mobile phones, plastic
objects, cars, solar cells, important medicinal drugs including
tuberculosis, antibodies and many other.
SMARTPHONES COMPANIES OF CHINA
LENOVO 9.5%
Samsung
VIVO 10.5%
28.1%
Your
XIOMI 14.2%
CHINA BRANDS
TOP CHINESE APPS USED IN INDIA
CAN INDIA REALLY BOYCOTT CHINESE PRODUCTS?
CAN INDIA REALLY BOYCOTT CHINESE PRODUCTS?
Thank you