Everyone knows the fact that local products are best, but it’s a fact that it costs more than the Chinese products we all have been using since ages. But slowly the trend is changing each passing day. Import export course online can help you in the better understanding of the financial factors of our today’s blog topic.  From the past 2-3 years ‘’being vocal for local’’ is trending all over India. It’s a sign of a good change.  Indians are showing their anger by boycotting and banning Chinese products. It’s not possible to cut down all the imports from China in a single go as it may cause inflation. Most of the things we use in our daily life are exported from China like drugs, phones, electronics, toys, lights etc. The process should be slow. But for that India has to make the alternatives and start manufacturing products at low costs. Though India Has slowly boycotted many Chinese products but should continue the export to China to earn more revenue and to balance the trade. China’s exports to India accounts for only 2 per cent of the total exports whereas India exports to China accounts for 8 per cent of the total exports.

China India Trade-

China is India’s largest trade partner. India and China trade was $87.07 billion in 2018-19. In which India import from China was $70.32 while India export to China was only $16.75.

Why Chinese products are cheaper than Indian-

• It is because the cost of production in China is low as compared to India.
• The manufacturing sector in China gets a subsidy from the government which reduces the cost of production.

 Confederation of All India Traders (CAIT) had stated that there would be a drastic reduction this year in the goods worth Rs 40k crore that are imported from China during Diwali.  Around Rs 70,000 crore business is done in India every year during the Diwali season but for the first time in decades, India is heading towards a China free Diwali. It set to change the trend as the idea has finally turned for good. This has encouraged Indians to buy local products. Even our PM Modi also encourages everyone to go ‘vocal for local’ during the festival season.

Here is the list of Top Imports of India from China-

• Electrical, electronic equipment
• Machinery, boilers
• Organic chemicals
• Plastic
• Optical and Medical apparatus
• Toys
• Lightings
• Fertilizers
• Parts of computer
• Cars and motorcycles parts

Slowly the Indian manufactures are replacing Chinese products without many glitches in the market. Consumers around the country have started to understand that Chinese goods are cheaper but have no durability. Digital Exim provides export import online classes, 6 month consultancy, and life time help desk. Attend a live doubt solving session with our trade managers. To make a better career in export import business join our training program and we will help you be an entrepreneur or getting a job you love. Join Digital Exim import export course in Ahmedabad and get solutions to any problem related to export import. Get expert guidance in India China trade. Do give us a visit!