Boycotts and joining global supply chains don’t go together
India’s business leaders, enthused by the government’s decision to open up sectors stretching from coal mining to space to atomic energy, should simply go forward and invest.
June 15, 2020 / 10:34 AM IST
The Confederation of All India Traders (CAIT), which claims a membership of 40,000 associations and 70 million traders, has just launched a campaign to boycott Chinese goods. It wants to retake the Indian market which has been captured by China. It wants to bring down India’s China import bill, which went up from $ 2 billion in 2001 to $ 70 billion in 2019 (CAIT figures), to $ 13 billion by 2021.
To enable this it has prepared a...