The whole world is now facing the pandemic corona. As we all know that it's birthplace is China. The entire globe has an annoyance for that country. But India is suffering the most. Not only for COVID-19 but the emerging war situation with China. The border clashes with China and the COVID-19 pandemic on Chinese manufacturing. Now the question is will companies be able to move deeply integrated supply chains out of India? Will they choose India? Honestly speaking the dependency on China has actually gone up. India is exporting a lot of raw materials and intermediate products, and importing finished products from China.
In 2018-19, India's gross export amount was $3,30,078 and in 2019-20 it is about $2,91,651. From this India exported $16,752 in 2018-19, and in 2019-20 $15,540 to China. If we talk about India's gross import amount in 2018-19 it was $5,14,078 and $4,42,820 in 2019-20. From this India imported $70,319 in 2018-19, and $62,739 in 2019-20 from China. According to the report of the confederation of all India Traders (CAIT) there is some information about the products which show the import and export process with China.
Exports to china
Products | In Billion dollar |
Organic chemical | 2572 |
Mineral fuel, oil, wax | 2051 |
Fish | 1272 |
Stone, ash, slag | 2136 |
plastics | 810 |
Electric equipments | 795 |
Imports from China
Products | In Billion dollar | |
Electric machine & equipment, sound recorder, TV record, reproduce, parts | 18,117 | |
Organic chemical | 7530 | |
Molecular reactor, machine, parts | 12,780 | |
Plastic | 2580 | |
Pesticides | 1802 | |
Iron and steel | 1554 |
( From April 2019 to
February 2020 )
It includes computer durable, toys, shoes, furnishing, fabric, clothes, builder hardware, kitchen equipment, and like this 500 more products. So it is very difficult for us to imagine life without these products. Because now we have no sufficient substitutes for such things. So, being a life without Chinese products is very uneasy.
Comments
Post a Comment