Indian economic and if we use only Indian products
Answers
Answer:
If we use only Indian Products we might be degrading the economy further.
Explanation:
India till date is still not a country which can provide each and every commodity to people. Indeed, there are many things which are Indian but majority of accessible and affordable day to day goods are NOT INDIAN.
For example, If we put a ban on Chinese Products then day to day commodities will cost more and will not be easily available. Let me elaborate this:
Take for example IT. China assembles most of the Smartphones world produces. The phone makers Xiaomi is Chinese which produces cheap Mi phones. If we put a ban on that Product then economy will fail because the profit Govt was getting (in form of GST) from that product will reduce in that aspect.
Economy will first receive a blow due to usage of #IndianOnlyProducts but indeed it will bounce back but that'll take a lot of time till a particular company of that product will set up in India.
Before we use only Indian Products we must make sure that Indian Company of same product is ready, popular and produces products Easily available.
Remember why Apple failed in India in its early days? At that time Apple products were too costly than what they were worth. So people went towards the Android counterparts and Apple failed. It was only revived when it set up production centres in India. Same is the case for Indian goods. If we use only Indian products then we will surely benefit India's economy but in the long run we would be cutting our relationship with world