India bans import of goods from China
2 years ago Nikhil Pillai 0
India bans the import of goods from China
India bans import of goods from China the government of India put a ban on the import of various goods or items from China. Products like electronic items, specific mobile phones, milk and milk products and some steel products on April 25, 2016.
The ban comes after the Union Commerce Minister Nirmala Sitharaman said that the import of such items from China has harmful for the India small and medium companies. Quality matters have also mention as one of the reasons for the ban.
The Union Commerce Minister reportedly said that precise steps have taken by the government on these Chinese imports to implement the ban accurately.
India has imports around 6000 products from the 140 countries. In 2015, India imported USD 390.7 billion worth of products.
Top five imports of India from the world
1. Gems and precious metals
2. Crude oil
4. Electronic equipment
5. Pearls, precious and semi-precious stones
Reasons to bans the China products
Social media jingoists are having a field day preventing the aam aadmi from buying anything Chinese this Diwali. Since China has problems with India stand on Pakistan-based terrorist Masood Azhar, we must, therefore, stop using all things made by the Chinese this is the logic of the twitterati. The opinion generators on social media are high on eloquence but rather poor on facts.
Imports from China estimate for over 16 percent of India total import in 2015-16, as per data available on the website of the Commission of Commerce. China is not only a country from where the India imported the highest value of goods last revenue, the amount we spent on buying the same Chinese goods which the ultra-nationalists now want us to abstain more than the combined amount India devoted to importing stuff from United States, UAE, and Saudi Arabia last fiscal.
Why is India inadequate to compete with China in exports?
Commerce Minister Nirmala Sitharaman gave in Lok Sabha the trade debt with China has increased as Chinese exports to India rely heavily on manufactured items to meet the demand of fast expanding sectors like telecom and power.
India exports to China, on the other hand, are characterizes by primary and intermediate products.
India trade deficit with China increased from $38.67 billion in 2012-13 to $48.45 billion in 2014-15.
The result of this we spend product to China which are not high value added. China is shipping products such as telecom instruments, project goods, peripherals, fertilizers, computer hardware, electronic components, organic chemicals and drug intermediates, electrical machinery, consumer electronics, and equipment, iron and steel, etc.
Chinese goods sale to drop this Diwali
The Sale of Chinese products may decline by 30 percent this year on this Diwali compared to last year market report from many states, says traders body CAIT.
Indications available from the markets from the different states, there seems to be an expected decline of about 30 percent of the loss of Chinese products. On this Diwali in comparing to last year which in itself would be a strong hint to China. And other countries as far as the destruction of Chinese goods in India is involved,” the Confederation of All India Traders (CAIT) said in a report.
It clarified that boycotting of Chinese goods is not going to affect China as on every season. Bacause the products are import before 2-3 months.
The Chinese stocks are already store up in the country. And it will be a situation of loss to our traders.
India is a big market for China products and over the years. Import of toys, building hardware, furniture, crackers, lighting and electric fittings. Furnishing fabric, office stationery, electronic appliances, gift items, watches, consumer electronics, kitchen equipment & appliances, etc. from China has increased to a great extent.
Chinese products are low in price having availability in bulk couple. With various variety is the cause of infiltration of Chinese.
Say NO to Chine Products
Say NO to CHINA products, Chinese Products and their companies that have set up shop in India. In no time they will realize their folly of backing the Pakis and antagonizing India. They steal from India and feed the Pakis and their terror modules.