CAN INDIA AFFORD TO BOYCOTT CHINESE PRODUCTS?
The India- China clash over border issues has been in news since the past few years. As per the latest news India and China have engaged in a serious war that commenced in May 2020. The main cause of military standoff this time is Indian road construction in the Galwan River valley. The latest news in Hindi has a complete report on how aggressive attacks, face-off, and encounters along the Sino- Indian border resulted in the death of 20 Indian soldiers on June 15-16. In response to the deaths, the Indian government told its citizens to boycott Chinese products. Residents in Ahmedabad threw their Chinese TV sets from the balcony, while traders in Delhi burned Chinese goods to protest. An Indian Central Minister even called out a ban on selling Chinese food in restaurants- which, by the way, is not “Chinese” exactly but an Indian version of Chinese food. Nevertheless, the primary question in all finance news is that ‘can India afford to boycott Chinese products?’ So let’s dig in to know