“Aatmanirbhar” India Made Chinese Exporters Suffer Loss Worth Rupees 50K Crore

In India, Chinese goods are expected to face significant losses ahead of Diwali and other festivities. The Confederation of All India Traders (CAIT) has predicted that Chinese exporters may suffer losses of up to 50,000 crores this year as a result of Indians boycotting Chinese items in domestic marketplaces.

The fact that Indians are banning crackers and other low-cost celebratory items from China this holiday season means higher earnings for India's domestic industry. Another significant difference is that customers in large cities around the nation do not appear to be very interested in purchasing Chinese goods, which is expected to raise demand for Indian items. If the same pattern continues during Diwali, it will be apparent that not only are Indian traders boycotting Chinese goods but also that consumers are losing interest in purchasing Chinese items.