India can defeat China by making cheaper goods

Kolkata June 25 (HS) China with its expansionary policies, remains the biggest threat to India today. After defeating India in 1962, it has not desisted from trying to intimidate India. Now after 20 Indian soldiers were killed in a violent clash at Galwan in Ladakh, anger is spreading against China. There is only one question in everyone’s mind: will there be a war with China?

China has made its economic infiltration into the rural areas of India. It has access to almost every household in India and people are using everything Chinese –, from the cheapest mobile phones to multi-featured mobile applications.

Can Indian industry compete with China in electronic goods?  Rishabh Kothari, vice president, Merchant Chamber of Commerce, while talking to Hindusthan Samachar, said India could make cheaper goods than China if the government helped industrialists in setting up units to manufacture raw materials, infrastructure and technology. India is China’s largest market in the world.

Referring to Prime Minister Narendra Modi’s comments on self-reliant India, Kothari said it can be achieved only by completely eliminating our dependence on China.

He said today about 90% of electronic goods available in the Indian market, from mobile phones, to fans, bulbs, TVs, fridge used in our homes are made in China. People buy Chinese stuff because it is cheaper and has more features. If China presents itself as a superpower, it is because of its economic strength and its trade spread across the world.

Kothari further said India has reached Mars in its first attempt by spending only Rs 450 crore. So we can also defeat China in terms of making cheaper goods. If the Government of India promotes entrepreneurship and gives tax rebates to industrialists, financial help, loans etc., and makes available minerals, India too can provide all electronic goods at much lower cost than China. By exporting goods made in India worldwide, India can earn many times more profit than discounts given to industries.

And if India emerges as an alternative to China in the world, it will be the biggest economic blow to China, Kothari said.