All section Close
CreditsL TOI
75% Of Total Imports From China Can Be Alternatively Sourced From India: Report
Writer: Devyani Madaik
A media enthusiast, Devyani believes in learning on the job and there is nothing off limits when it comes to work. Writing is her passion and she is always ready for a debate as well.
India, 10 Aug 2020 1:23 PM GMT
Editor : Shubhendu Deshmukh |
Shubhendu, the quint essential news junky, the man who loves science and politics in equal measure and offers the complete contrast to it by being a fan of urdu poetry as well.
Creatives : Abhishek M
" An engineer by profession, Abhishek is the creative producer of the team, graphic designing is his passion and travelling his get away. In more ways than one, he makes the content visually appealing."
Of the total imports 327 products ranging from mobile phones and telecom equipment to cameras, solar panels, air-conditioners and penicillin can be alternatively sourced and manufactured in India.
Of the total imports from China, 327 products can be alternatively sourced and manufactured in India, a paper published by policy think tank Research and Information System for Developing Countries (RIS) stated.
Indian imports from China include products such as mobile phones, telecom equipment, cameras, solar panels, air-conditioners and penicillin etc. and account for over 3/4th of the total imports from China. A report by Times of India said the think tank used UN Comtrade data to estimate the value of these 'critically sensitive imports' at USD 66.6 billion in 2018 in overall imports of a little over USD 90 billion. In 2018-19, official numbers had secured imports from China at USD 76.4 billion.
Shares of the 327 products was less than 10% of the 4,000 items imported from China. The study estimated that in the case of 82%, or over 3,300 products, China was not the most competitive producer.
But there are many products for which China becomes the sole exporter, ranging from everyday items such as earphones, headphones, microwave, washing machines, various types of machinery to chemicals and fertilizers.
Speaking to the media, study's author S K Mohanty said the domestic production of such items should be highly encouraged. The government has been taking such initiatives, such as providing incentive schemes for the production of mobile, electronic goods and pharmaceutical products, Mohanty added.
Also Read: Rajasthan: Specially Abled Minor Gang-Raped By Five, Three Detained
Must Reads
We are an independent and public-spirited digital media platform for Indian millennials. We report news and issues that matter as well as give you the opportunity to take action.
