Can India Afford To Import Expensive Goods Amid Growing Anti-China Sentiment?

by Rahul Gautam Jun 04, 2020 • 05:46 PM Views 845

Amid growing anti-China sentiment among Indians due to the recent border stand-off in Ladakh, citizens are calling for the boycott of Chinese products. Though, India will have to import goods from the US and European countries at much higher prices if it chooses to completely halt imports from China. India's manufacturing sector is not growing even after the much-touted 'Make In India' scheme, statistics show that the growth rate of the Indian manufacturing sector was 4.8% in 2013 which has tumbled down to 3.9% in 2019