Essay-Impact of Chinese goods on Indian economy SSC CGL Tier 3 I SSC CHSL Tier 2
After the Chinese aggression in the Himalayan Galwan Valley, anti-China sentiment reached its peak in India, with people advocating the boycott of Chinese goods in the country. Chinese products always had a high demand in India be it toys, electronic gadgets, etc. But with the call for a boycott of Chinese products, one needs to assess what impact they have had on the Indian economy to understand the impact of such boycott.
India’s MSMEs have had the worst hit due to the popularity of Chinese goods in the market. Poor quality Chinese products dominate the unorganized retail sector. Because of this, the good quality Indian products suffer as they are costlier than their Chinese counterparts. This has led to a terrible loss to the MSME sector.
Other than that, the pharmaceutical industry is highly reliant on Chinese products. In some cases, the dependence on Chinese imports is 90%. The same is the case with the solar industry, where 84% of the requirements of the