India has tightened restrictions on imports of substandard Chinese products. According to the report, Chinese goods worth Rs 20,000 crore are waiting for clearance in Indian ports. Electronics, – Most of these are electrical appliances, toys, gifts, footwear, and home appliances. Products ordered during November-December 2019 are subject to clearance. In addition, the number of new orders issued by traders has been significantly reduced since last March.
India has decided to gradually reduce imports of cheap electronics and electronics, mobile phones, home appliances, gifts, and toys from China. In addition, India has launched projects such as ‘Make in India’ and ‘Atmanirbhar Bharat’ aimed at achieving self-sufficiency in the local production of such equipment. During April-August, Chinese imports stood at $ 2.158 billion. This is a decrease of 27.63 percent over the previous year.
In addition, negotiations on import agreements with countries such as Vietnam, Taiwan, and South Korea are in full swing. In 2017-18, China accounted for 16.4 percent of India’s imports. During 2018-19, it has come down to 13.69 percent. This is a major setback for China’s export sector.