The Logical Learning: BOYCOTTING CHINESE PRODUCT

BOYCOTTING CHINESE PRODUCT

After the ongoing tension between India and Pakistan after the terrorist attack on the Uri army base and cross LOC surgical strikes China selected to take Pakistan's favor and block India's bid to designate Jash-e-Mohammad chief Masood Azhar as a terrorist in the United Nation the demand for ban on Chinese product has been started in India. This is not the first time when these types of demands came forward in India. Same condition happened in past after China blocks India's entry to the Nuclear Supplier Group and these messages are always viral over the whatsapp and facebook almost once in a year especially during festive seasons when the demand of cheap Chinese product reaches its top.

But this time people of our country are really serious and not only comman man but several politicians has also joined this campaign. Haryana Sports Minister Anil Vij has appealed "people should not use Chinese product and purchase only Indian goods. China is not our friend and the money taken from India is used to buy weapons that are used against us and we should focus on Make in India". BJP national general secretary Kailash Vijayvargiya has also tweeted that buying chinese product is like indirectly supporting terrorist country.

But is it really possible to completely stop trade with China as told in viral messages. Well the answer is "NO". We can reduce our import from China by improving us but we cant completely stop it, atleast at this time. During 2010-11 India's 10th part of the import was from China which has risen to 6th part in present, where as the export from our country has reduced to half. The total value of export and import between both the countries is approx. 4.6 lakh crore.

The margin between the export and import is one of the biggest trade deflicits between the two nations.

India imports laptops, mobiles, fertilizers, power plants equipments, keyboards, displays, communication equipment and various drugs. The markets are full of Chinese products all the time either cheap lighting or toys people prefers to purchase them as they are cheap and more bright and beautiful in looks than the local products. India exports cotton, copper, industrial and petroleum machinery, India's export is very less in compare to the import. However India's import has fallen during last five years from 32 lakh crore to 25 lakh crore due to the fall of Global Oil prices. In the same course of time India's export has fallen from 86000 crore to 58000 crore.

Indian Prime Minister in 2015 has signed trade pacts worth $10 billion. According to Boston Consulting Group, India is reliant on China for about 90% of the raw materials required for its pharmaceutical industry.

SO WHAT IS THE SOLUTION

The above points clearly indicates that it is not possible to completely boycott the trade, but replacing them with indigenous products gradually is a possible solution.
However it completely depends on the Government to provide a sustainable environment where indigenous products get flourish properly.