After China's move in eastern Ladakh, there is an atmosphere of anger towards China across the country, and the demand for a boycott of Chinese goods is getting louder. The government is also making comprehensive plans to reduce imports from China. It may soon be made mandatory for e-commerce companies to indicate whether the goods they are selling are made in India or not. This can be provided in the new e-commerce policy. The Ministry of Commerce and Industry is now drafting it.
An official said it would be mandatory for the commerce companies to indicate whether the products they are selling are made in India or not. We are actively working on it. This will help us to reduce China's imports. During the first 11 months of the financial year ended on March 31, 2020, China's trade surplus with India was about 47 billion dollars. The official said it would be a kind of checkmark where the consumer would have the option to buy goods made in India. He said the policy will be made public soon for people's suggestions.
The boycott could take China to $17 billion blow:
The Department for Promotion of Industry and Internal Trade had drafted the National e-commerce policy last year. It made it mandatory for e-commerce companies to share detailed information on sellers of all products on their website. Experts say that it is a positive step to provide clear information about goods in the e-marketplace and help the self-reliant India mission. Consumers will also have the option to buy local goods.
A knowledgeable in the e-commerce sector said that today there is a demand for a boycott of Chinese goods in the country, and this is the right time for a self-reliant India mission. Traders have also demanded the central government to order e-commerce companies to stop selling goods made in China.
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