Tensions between India and China have increased after violent raids in the Galvan Valley in the past. The effect of which can be clearly seen on business. As a result of this, a campaign has started to use more and more of the indigenous goods in India and the boycott of Chinese goods. According to experts, this is the most favorable time to become self-sufficient. Recently, the Railways canceled the Rs 471 crore deal with the Chinese company. Along with this, Bharat Sanchar Nigam Limited (BSNL) has also decided to ban the use of Chinese products to upgrade 4G resources. In the coming days, more agreements with China can be cancelled.

For your information, let us tell you that many business organizations, including the Government of India, are constantly looking committed to how to stop China's goods. For this, we also need to know which goods of China are we using directly or indirectly. Business organizations believe that if we want to become self-reliant, then we have to rely on indigenous goods. In such a situation, labeling of goods will also have to be emphasized, so that people can know which country it belongs to before purchasing goods.

According to the Ministry of Commerce and Industry regarding this matter, between April 2019 to February 2020, there was a turnover of 5 lakh 50 thousand crore between India and China. Out of this, India only sold 1.09 lakh crore goods to China, but bought four times the goods worth 4.40 lakh crore rupees from China. Federation of Indian Export Organizations (FIEO) President Sharad Kumar Sarraf says that the environment created against China is definitely going to benefit us. Importers are making inquiries for purchases from countries which till now used to buy goods from China.

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