With the India-China border disputes escalating rapidly, there are calls to boycott the Chinese products and services across the country, but some experts suggest that the boycott of China’s products and services will be easier said than done; currently, Indians aren’t in a condition to boycott Chinese goods.
According to the latest Google research, it can be stated that India’s imports of Chinese products worth $76.2 Billion dollars for the year 2017-18, whereas India’s exports to China worth $33 Million dollars. Imports of Chinese products are choking the Indian businesses, majorly the Medium Small & Micro Enterprises (MSME) sector. Toy manufacturing industries have been closed in India due to imports of cheaper Chinese toys on a vast scale. Chinese products like firecrackers and plastic products are hazardous for health and the environment because of the low-quality resources used in making.
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There are numerous products & services that Indians are using every day and aren’t aware that they are Chinese or have Chinese Investors. The Confederation of All India Traders (CAIT) has released a list of Chinese items that includes electronic brands, FMCG products, consumer durables, toys, footwear, apparel, kitchen items, among others.
List Of Chinese Products For Your Information- Used By A Majority Of Indians
Here’s a list of some popular Chinese products
- Smartphone brands like – Xiaomi, Vivo, Realme, Oppo
- Laptops brands like – Lenovo, Asus, Acer
Below-listed is some Chinese apps that are used by Indians and carry the potential of cyber-attack against India:
Tiktok, Weibo, UC Browser, BeautyPlus, VivaVideo- QU Video Inc, Parallel Space, SHAREit, WeChat, Mi Community, DU recorder, Mi Store, CacheClear, DU Browse, DU apps studio, 360 Security, Truecaller, Clean Master – Cheetah Mobile, Mi Video call-Xiaomi, Virus Cleaner, Baidu Map, WeSync, Mail Master, QQ Launcher to name a few.
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In addition to this, The Alibaba Group has investments in Big Basket, Zomato, Snapdeal, Paytm.com and Paytm Mall. Tencent Holdings has investments in Indian firms like Byju’s, Flipkart, Hike, Ola, and Swiggy. Chinese companies also hold stakes in MakeMyTrip, Oyo, PolicyBazzar, Quikr, to name a few.
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Despite the fact that the domestic market will be affected as prices of previously imported goods will rise, the Indian Government should ban the use of Chinese products to save the economy of its nation.
Needless to mention, India accounts for a great trade deficit with China. China is India’s largest trading partner in goods, so here the question arises can India afford to boycott Chinese products?
Please let us know your views on meetbnd@gmail.com.