India China FaceOff: China captures Indian market! Investing in many startups, how to boycott?

Movements to boycott Chinese goods and halt trade with China have intensified once again amid huge tensions on the Chinese border. But the sad truth is that China is one of the top 10 trading partners in our country.

Violent clashes on the Indo-China border have led to a resurgence of the boycott movement in China. China is deeply rooted in our country in areas such as electronics, e-commerce, hospitality and e-learning. Then the boycott China movement will succeed.

China's share in its total foreign trade is more than ten per cent, so it is not possible for India to stop this business suddenly. China's share in India's total foreign trade is 10.1 per cent, while India's share in China's foreign trade is only 2.1 per cent.

Taken together, China and Hong Kong are India's largest trading partners. The United States ranks second. In 2018-19, India's total trade with China-Hong Kong was ३ 103.53 billion (about Rs 7,88,759 crore).

China, the United States, the UAE, Saudi Arabia, Iraq, Singapore, Germany, South Korea and Indonesia are among the top 10 trading partners. These countries account for more than 50 per cent of India's total foreign trade. Recently, China and Hong Kong.

But there is a big concern in trade with China that India will have a trade deficit. China's share of India's total foreign trade deficit has increased from 18.07 per cent in 2007-08 to 47.01 per cent in 2016-17. However, in 2019-20, it came down slightly to 30.03 per cent.

The main imports from China to India include electric machinery and equipment, reactors, boiler machinery, mechanical equipment, organic chemicals and medicines, plastics, electronics and fertilizers. India, on the other hand, exports organic chemicals, slugs and ash to China

Chinese companies dominate India's mobile market. Chinese companies account for more than 65 per cent of India's smartphone market. In 2019, Chinese company Xiaomi has a market share of 28.6 per cent, Vivo 15.6 per cent, Oppo 10.7 per cent and Real Me 10.6 per cent.

Chinese companies have invested heavily in several major startups in India. Chinese companies have invested पे 3.53 billion (about Rs 26,894 crore) in Paytm, २ 3.28 billion (about Rs 25,000 crore) in Ola, and २ 3.2 billion (about Rs 24,380 crore) in Oyo Rooms.

FDI in China is very low. In the last two decades, only ४ 2.4 billion (about Rs 18,285 crore) of foreign investment has come from China, which is half of the country's foreign direct investment. Most of the FDI coming from China comes from Singapore and Hong Kong.