The cowardly act of China in Galvan valley has filled the hearts of Indians with anger. Public boil is in front of us as a boycott of Chinese goods. Due to the Corona epidemic, the world's countries have changed their attitude towards China, India has also understood that 'Hindi - Chinese, Brother - Brother' cannot be there. Many experts believe that the boycott of Chinese goods will not have much economic impact on China, as China exports only three percent of its total exports to India. Even if this effect is less in quantity, it will make a difference. The Chinese newspaper Global Times has also written that if the ongoing situation between the two countries is not normal then it will have an impact on the trade of both countries.
With tensions rising along the border, the campaign to boycott Chinese goods is once again hot in the country. For the first time, the government is also treating China in a direct and indirect way. The ban on 59 Chinese apps including Tik-Tok is being seen in this episode. The boycott campaign has endured the Chinese smartphone market. Till yesterday, everyone's favorite phones are now descending from people's hearts. This is the reason that sales are seen to fall by 30 to 70 percent. Instead, people are showing interest in buying smartphones from countries like South Korea, America and Finland.
The government is preparing to keep China out of 5G among the atmosphere being created against China and Chinese goods. For some similar purpose, there is a churn at the government level that the auction process of 5G spectrum in the country should be postponed this year. It is believed that discussions are going on between India and the US regarding the future of 5G network. On Monday, the US State Department appealed to all its friendly countries to be cautious about the 5G network expansion and to hire only the trusted technology company. In the US, the Communications Commission has also talked about working with India on 5G technology.
For self-reliant India, the central government will provide financial assistance to more than two lakh micro food processing units to expand their business. This help will be provided to establish itself as a big brand. With the formal launch of the Rs 10,000 crore scheme, the campaign to convert 'local' products into global brands has been started.
These hard steps of Indian government definitely hits the economy of China.
