* INTRODUCTION
Narendra Modi's new 'Vocal for Local' campaign started when he announced it during his speech while addressing the nation about Lockdown 4.0.
Thus it has simplicity setup a country narrative to Boycott China services and goods.
India is one of the largest importers of Chinese goods and services. India trade deficit with China is among the largest among 2 major trading partners.
India imports from China nearly seven times more than it exports to that region.
* The number of items we import from China is more mostly consumer durable and medical drugs.
* Chinese smartphone brands currently power over $8 billion of India's Smartphone market by 51% China exported well over 60% of electronic products and computers.
* In almost every product that we consume there is a little bit of China Ironically, China manufactures laptops & smartphones we use to forward messages to budget Chinese products. The process of modern-day manufacturing is complex & interconnected.
Try to support India by bringing up innovative ideas and just ignore the Chinese products so focus on Made in India.
* Ex. Hydroxychloroquine (this drug is used to prevent malaria and can also be used in case of COVID-19) So accordingly India is the largest manufacturer. But the raw material comes from China and during the Coronavirus pandemic, China has suddenly raised the prices that's why India wants to build a complete supply chain in India so that we are not nirbhar on China.
* A textile industry has closed down because of corona but even during these tough times, they found an opportunity. Instead of keeping all the factories closed, One Private company started making PPE(Personal Protective Equipment) kits and slowly and steadily the other and other so now today India records 4,50,000 hits per day. In these 2 months, India became the 2nd largest supply of PPE kits in the world.
* The tribal women from Chattisgarh used Mahua flowers to increase the production of alcohols and it formed the base for hand sanitizers also, when India was scrambling to get enough supplies of hand sanitizers these women gave their best and showed their creativity and seriously they understood the real meaning of 'Vocal for Local'.
As we don't socialize goods things happening because to believe that there is something positive happening around us needs patience India has a long way to go and we cannot boycott China in one day, As we don't have proper electricity, infrastructure and even not that skilled labors we are not able to produce those goods in our country as it increases the cost of production.
• This question arises in everyone's mind that,
Instead of boycotting Chinese products individually why not Indian government boycotting Chinese products?
But this is not possible, because according to WTO(World Trade Organisation) no country can impose a ban on trade with any specific country without any reason even if there is an ongoing military conflict with that country. So, this is not possible.
Imagine what will happen to imported products worth $ 60 billion in India eventually India has to suffer a heavy loss because of it, so banning a product is not an ideal solution. In fact, replacing Chinese products is the best solution.
Therefore the bottom line is that Indian Companies need to work harder before they can compete with Chinese. The government also need to step in by providing improved services and lowering cost at which Indian Companies are issued loan.
So, instead, we can analyze the breakdown of product India imports from China and we can import it from other-other countries. Ex. For all electronic Products.
India can look forward to Japan, Germany, South Korea. i.e. We can import from these countries and India has held better ties with these countries and good relations, So, India can focus to increasing trade with these countries to replace trade with China.
Now just take a look at the Applications used by the World and the Application used by China.
As China doesn't adopt any app other than Chinese, similarly we should also not adopt the Chinese Products.
We should just focus on 'Vocal for Local'. Made In India.
Comments
Post a Comment