India | China
Chanakya had said that wherever the enemy is getting economic, social, mental, and physical strength, erase the source before reaching the enemy. India is now teaching its adversaries a lesson, especially on the economic aspect, keeping in mind all these aspects. India first taught a lesson to former Prime Minister Mahathir Mohammad by banning palm oil imports coming from Malaysia, while now he has also taken steps to teach China a lesson by boycotting the product coming from China. The most important thing is that in these economic boycotts there is no direct official directive from the central government, instead, India is using its trade bodies to teach a lesson to its opponents. In such an economic war, these trade bodies are no less than Brahmastra for India.
Recently China tried to show its hooliganism by raising a dispute with India on the border, after which an atmosphere has been created in India against China and the boycott of goods coming from China has started. However, the thing to note here is that on the one hand, the government is dealing with China at the border, while the top organization of traders has now come forward to reduce the sale of Chinese goods from the whole country. The Confederation of All India Traders i.e. CAIT, the top body of traders in India, has set a target of a loss of Rs 1 lakh crore to China by the end of next year by boycotting Chinese goods. This would prove to be an unbearable economic blow to China.
CAIT has made a list of about 3,000 such items that are largely imported from China, but whose options are available or can be manufactured in India. The items CAIT has listed include mainly electronic goods, FMCG products, toys, gift items, confectionery products, clothing, watches, and many other plastic products. Now CAIT will try to buy these from Indian manufacturers only, which will give a boost to the "Walk for Local" campaign. Now every year India loses several billion dollars to China as a trade deficit.
For example, in the year 2019-20, bilateral trade between India and China was about $ 81.6 billion, of which imports from China i.e. imports were about $ 65.26 billion, and India was able to export only $ 16 billion to China. Was. That is, India has a loss of about $ 50 billion every year on doing business with China.
In such a situation, if the people of India decide to boycott Chinese goods, then China will suffer greatly. We have got a sample of this too when recently the Chinese government newspaper Global Times issued a threat to India to boycott Chinese goods.
Earlier India had done a similar economic boycott with Malaysia which saw the benefit and this country immediately came on the line. In fact, when Mahatir Mohammed sat in the post of Prime Minister in Malaysia, he made many anti-India statements. The extent was reached when he called the case of the removal of Article 370 from Jammu and Kashmir with India's support to Kashmir. Not only this, but Mahathir also criticized the Government of India on the Citizenship Amendment Act.
After this, India started playing its bets and hurt Malaysia where it was going to hurt the most, ie financially. A report from Reuters came in which claimed that India could ban imports from Malaysia, after which Indian oil refiners boycotted palm oil imported from Malaysia.
This gave a major blow to Malaysia's palm oil industry employing around 3 crore people. Mahathir Mohamad also admitted that the Indian government had not officially taken any action and Indian refiners had boycotted Malaysia's palm oil on their own.
Not only this, but India also started targeting other things like micro-processor imported from Malaysia after palm oil.
Due to this, the people of Malaysia turned against Mahathir Mohammad, and had to step down from his post. After that, the new government began to improve relations with India. The new government had indicated to the Government of India that it was concerned about improving relations with India by importing plenty of sugar and rice from India. After this, India too started importing palm oil from Malaysia again.
This makes it clear that India is using diplomacy as well as an economic strategy to double attack the enemies, and after Malaysia, India is also ready to give a befitting reply to China's hooliganism. China should also understand that now Indian business organizations have started a campaign of boycotting China and now China is going to be Lanka.
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