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Friday, July 17, 2020

SELF RELIANT INDIA AND BOYCOTTING CHINESE PRODUCT

When the make in India initiative was launched,its objective was to not only make India self reliant to its domestic consumption but also to turn India into export India economy,and also bring cutting edge technologies, in order to boost competition in Indian economy and promote output quality of Indian economy.Its not only to make India self reliant but also to turn India into export hub,but this can happen only when our industry is tune with global market.

See,for example we have a huge market for mobile phones,but currently the phones that are consumed by our domestic markets are imported.So,through localisation it is possible to make India self reliant with regard to mobile phones and we can enable Indian manufacturer to substitute for these mobile imports.But,question is can these domestically produced mobile phones be exported,do they match with global quality standards and upon this government is looking for making this localisation requirement mandatory for even private e marketplace,such as amazon,flipkart,walmart etc.

The reason is the rise in unrealistic nationalism that has come in line with the rising border tensions.See,the propellants of boycotting Chinese goods are largely under the presumption that dependency of Indian economy on China is limited to only consumer electronics and phones such as mobile phones,electronics etc.but,they failed to understand-
excessive dependency of our core sector on chinese manufacturing,we are excessively dependent on China for heavy engineering machinery,the backhand infrastructure of our telecom and electronics sector,is again dependent on Chinese manufacturing and even the Indian pharmaceuticals industries,that are looking to exploit the pandemic by capitalizing the position as a market leader of generic drugs,is dependent of API for Chinese firms.70% of India's API requirement is met by China.
So,it clearly shows that we cannot end our dependency on China overnight. 
  

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