Recent border skirmishes and the Indian government’s call for industry to become or self-reliant, have done nothing to reduce imports from China. It’s business as usual.
For India, imports from China were valued at $61.5 billion in 2019-20, according to the ministry of commerce. Three sectors—organic chemicals, capital goods and electrical items (television tubes, mobile phone parts and compressors, among others) make up 62 percent of these imports. Indian industry continues to import from China. “This situation has come because of our complacency in blindly accepting cheaper imports from China,” said Sajjan Jindal, chairman of JSW Group, in a statement.