28 October, 2020

From Cheap Hindu Idols To Telecom Equipment: Here's Why You Can't Keep Chinese Goods Away

It’s an opportunity, yes, but keeping China out is also fraught with risk in the post-COVID era

From Cheap Hindu Idols To Telecom Equipment: Here's Why You Can't Keep Chinese Goods Away
outlookindia.com
2020-06-05T18:02:38+05:30

PM Narendra Modi’s clarion call for self-reliance and his appeal to Indian consumers to buy local products added punch to the prevailing anti-China sentiments due to Beijing’s role in allegedly ‘aiding’ the global spread of COVID-19. Buttressed by transport minister Nitin Gadkari’s blunt public criticism of China, the PM’s call added ammunition to the arsenal of the right-wing opposed to large-scale imports of low-cost Chinese goods. Fresh policies and bold reforms indicate India’s ambitious plan to replace Chinese goods with Indian ones. In 2019, India imported almost $75 billion worth of goods and services from China, ranging from firecrackers and cheap idols of Hindu gods to hi-tech telecom equipment, besides the role of Chinese firms in the construction of mega infrastructure projects. A case in point is electrical equipment used in the power sector. Government agencies, including state-owned power utilities, consume 95 per cent of the imported equipment. China accounts for 30 per cent of the total imports

“China sells...

unsub

THIS ARTICLE IS PRICELESS...

To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.


Latest Magazine

November 02, 2020
content

other articles from the issue

articles from the previous issue

Other magazine section