To jump on the bandwagon of "Nationalism" by trending #BoycottChineseProducts is complete buffoonery & idiocracy.
Boycotting is not a SOLUTION for the Indian industries/ manufacturers/retailers who depend on or sell Chinese imports.
It's a economic suicide.
(THREAD)
Boycotting is not a SOLUTION for the Indian industries/ manufacturers/retailers who depend on or sell Chinese imports.
It's a economic suicide.
(THREAD)
First provide adequate ALTERNATIVES so that they can survive if U start boycotting.
Stop hindering our economy by such petty hashtags.
#AtmaNirbharBharat is not Boycotting, it is first to achieve SELF RELIANCE & SELF SUFFICIENT goals, then boycott whomever u want.
Stop hindering our economy by such petty hashtags.
#AtmaNirbharBharat is not Boycotting, it is first to achieve SELF RELIANCE & SELF SUFFICIENT goals, then boycott whomever u want.
India did $93bn trade with China in 2019 with $57bn trade deficit.
If we boycott, What that means for the indian market is we have less products which have (more than) worth $93bn in our economy.
It affects Indian economy more than it affects the Chinese economy.
If we boycott, What that means for the indian market is we have less products which have (more than) worth $93bn in our economy.
It affects Indian economy more than it affects the Chinese economy.
Let's talk in statistics now.
Trade deficit of our import & export to China is our best biggest liability.
There rate of import penetration in our markets is very high.
They are heavily involved in all types of goods & our industrial economy.
Trade deficit of our import & export to China is our best biggest liability.
There rate of import penetration in our markets is very high.
They are heavily involved in all types of goods & our industrial economy.
The shear mass of imports from China runs our industrial & manufacturing sector.
Our top 10 imports from China are 79% of overall imports from China.
If we simply boycott without alternatives, we are doing a economic suicide as it will affect us more than them.
Our top 10 imports from China are 79% of overall imports from China.
If we simply boycott without alternatives, we are doing a economic suicide as it will affect us more than them.
Let me just give you a simple example.
India is currently world leader in manufacturing HCQ & other medicines but the raw material(API) for its production(85%) majorly comes from China(55% of world).
Boycott Chinese imports & we lose our world dominance in HCQ.
India is currently world leader in manufacturing HCQ & other medicines but the raw material(API) for its production(85%) majorly comes from China(55% of world).
Boycott Chinese imports & we lose our world dominance in HCQ.
#BoycottChina how much u want but fact is we are currently dependent on them.
Even the phone everyone is seeing this has Chinese components.
We need to find alternate importing countries or enhance domestic production in all China dependent sectors before boycotting anything.
Even the phone everyone is seeing this has Chinese components.
We need to find alternate importing countries or enhance domestic production in all China dependent sectors before boycotting anything.
