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43 Per Cent Indian Consumers Didn't Buy Any 'Made In China' Products Since Galwan Clash Last Year, Finds Survey
The flags of India and China.
One of the surveys conducted by community social media platform LocalCircles has discovered that about 43 per cent of Indians refrained from purchasing any product made in China post the Galwan valley clashes last year.
Amongst those who did buy China-made products, around 60 per cent of them revealed that they purchased merely one-two items during this period.
The survey recorded responses of around 18,000 customers belonging to 281 different districts of the country.
Another 70 per cent of the purchasers of ‘Made in China’ products asserted the value-for-money element led them to buy stuff manufactured in the neighbouring country.
However, another study carried out by LocalCircles during the festive season of November 2020 mentioned approximately 71 per cent of Indian consumers had avoided purchasing Chinese products in that particular period.
“If with a combination of Indian markets and global export opportunities, India can scale the value for money, quality, uniqueness factor, at least in some product segments, it can march ahead of China,” the platform was quoted in a report by Business Today.
China holds a 12 per cent share in India’s import of intermediate goods, whereas the figure stands at 30 per cent and 26 per cent for capital goods and final consumer goods, respectively.
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