Boycott china’s movement is a movement that has risen once again after 2016 with a video by Sonam Wangchuk with his appeals to boycott china based products after skirmishes on that Indo-China border. Appealing all the Indian nationals to boycott Chinese products and focus on Indian products to reduce Chinese dependency on the Indian market.
Services and products that are considered to be boycotted are Chinese phones and other electronics items to be banned along with that ban on Chinese manufactured goods and India’s dependence on China’s raw materials for manufacturing products. Along with that Chinese dominance in the Indian digital market.
Several trade unions have supported the Chinese boycott, but it is not feasible in the short-term. Primary reasons for that are Indian consumers are highly price-sensitive and their purchasing decisions change over a day so it is tough to create a boycott in the smartphone market with limited to no Indian players and Chinese companies dominating the market with 73% of market share.
The dependence of India on Chinese goods is immense with a 60 Billion dollars trade deficit, India has an uphill battle to remove the dependency of Chinese products and services on Indian consumers and industry. Along with that, there are many Indian companies with Chinese investment; most of the upcoming tech startups have a Chinese investment in them. Taking an example of Paytm, the company’s 40% stake is owned by Chinese companies making it all too difficult to boycott Chinese influence in the Indian market. With the rising influence of TikTok on Indian digital places, making it altogether difficult, albeit impossible, to remove or boycott Chinese products in the short term.
Contributed By- Vinay Hooda, Content Writer @ Mitti Ke Rang
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