Rather than boycotting China, India needs policies that support self-reliance and invest sufficient amount of time to be on a par with China in terms of economies of scale. Discuss (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
Ishpreet Kaur 4 years
Review please
IAS Parliament 4 years
Try to include data to support your answer, avoid writing general points. Keep Writing.
Ananta Kumar Muduli 4 years
Pls review ..sir
IAS Parliament 4 years
Good attempt. Keep Writing.
Aradhana Tiwari 4 years
The increasing border tension between India and China at Galwan valley in Ladakh has led to an increase in anti-China sentiments with people willing to "boycott" Chinese products and "promote" domestic products.
China is India’s largest trading partner.
In 2018-19, India’s exports to China were mere $16.7 billion, while imports were $70.3 billion, leaving a trade deficit of $53.6 billion.
Trade figures suggest that- the trade is heavily skewed in favour of China.
>>> India's policies : A SELF-RELIANT INDIA
- Kicks off MSME segment : By this, the overall manufacturing sector will get a boost, which will benefit the ‘Make in India’ scheme.
- Promotion of "Made in India" products : This is a policy measure to help the smaller Indian firms. As local sales grow, we can emerge as exporters of the products that we import.
- Import substitution : create such product alternatives which can compete both in quality and cost against Chinese products. For this, it imperative to think about resource allocation and invest in R&D- which in turn will equip our industries with the requisite technology and skill to fight this trade battle against China.
- Liberalise FDI regime : Increase in the levels of FDI may provide the necessary nudge to our industrial sector to surge towards better productivity and efficiency.
- Diversification of import basket : Importing our necessities from a host of other countries and lessening our dependence on China. All these steps, collectively, could take us closer to self-reliance.
>>> Challenges before we boycott Chinese products :
- Low R&D expenditure, especially from the private sector, is a key challenge facing the innovation ecosystem in India.
- Statistics reveal that India’s pharma sector has critical dependence on Chinese imports used in drugs manufacturing.
- China is one of the leading producers and sellers of APIs(Active Pharmaceutical Ingredients)- the raw materials used in the manufacture of generic medicines or formulations.
- A daunting reality- almost 60% of India’s import requirements of "electrical and electronic equipment" was met by China.
>>> Conclusion :
Thus, a better solution will be to “go easy on taking Chinese investments” until India builds her manufacturing capacity and start designing policies that support “vocal for local” and “Atmanirbhar Bharat”.
IAS Parliament 4 years
Good attempt. Keep Writing.
Saravanan 4 years
Please review
IAS Parliament 4 years
Avoid writing general points, try to support it with data, reports. Try to underline the key points. Keep Writing.
Kaushal Meena 4 years
Greetings,
This is my first answer which I have written in a specific time frame and without referring to any source. I would like to know the areas where I can work upon.
Regards,
Have a nice day.
IAS Parliament 4 years
Content is lacking, try to bring data, evidences, reports to support your arguments. Try to provide suggestions on how India can overcome the reliance on China. Keep Writing.
Kaushal Meena 4 years
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