Boycotting chinese goods

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PankajKumarS

Explanation on boycotting Chinese goods

Economy & Finance

BOYCOTTING CHINESE GOODS
Not possible and not a feasible idea.
Galwanvalleyladakh20Indiansoldiersdieddue toviolence happened.
Mr Sonamwangchuk
Exportto china 1.17lakhCr Importto Indiais4.92 lakhcr (1.17*4)
Trade deficit3.74 lakhcr
Industries;
Pharmaceutical- rawmatimpfrom china,toughforsubstitute,costly
Solarpower- 90% ownedby china,Impossible,toocostlyoptions
IT – Hardware 70% Chinese devicestootough, advanced tech
Software 45%or lesswe canhave substitutes
Home appliance possible forsubstitutes,lessmarket
Due to:
Economiesof scale, Easybusinessloan,leastcare onemphealth,70% cheaperthan Indianproducts
We lackin:
R&D, cumbersome process,highdependoncheapChineseproducts
Funding:Total = 8bn$
Swiggy142Cr tencent
OLA 8200cr fromdidi chuing Paytm625m$ alibaba bigbasket/flipkart/snapdeal

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Boycotting chinese goods

1. BOYCOTTING CHINESE GOODS Not possible and not a feasible idea. Galwanvalleyladakh20Indiansoldiersdieddue toviolence happened. Mr Sonamwangchuk Exportto china 1.17lakhCr Importto Indiais4.92 lakhcr (1.17*4) Trade deficit3.74 lakhcr Industries; Pharmaceutical- rawmatimpfrom china,toughforsubstitute,costly Solarpower- 90% ownedby china,Impossible,toocostlyoptions IT – Hardware 70% Chinese devicestootough, advanced tech Software 45%or lesswe canhave substitutes Home appliance possible forsubstitutes,lessmarket Due to: Economiesof scale, Easybusinessloan,leastcare onemphealth,70% cheaperthan Indianproducts We lackin: R&D, cumbersome process,highdependoncheapChineseproducts Funding:Total = 8bn$ Swiggy142Cr tencent OLA 8200cr fromdidi chuing Paytm625m$ alibaba bigbasket/flipkart/snapdeal

Boycotting chinese goods

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Boycotting chinese goods