Chinese firms lose more than Rs. 4,000 Crore due to Make in India

Due to Make in India rakhis Chinese firms have lost more than Rs. 4,000 Crore.

This year the PM launched the "Atmanirbhar Bharat" plan due to the pandemic. The first success of this plan can be seen in the mass manufacture of rakhis in India which has caused massive sales revenue dips in China.

Due to the standoff between India and China, the possibility of Chinese manufactured rakhis to enter India has also been eliminated due to the nation wide boycott of Chinese goods. This has given a large hit to the Chinese market and also showcased how India is not dependent on China for manufacturing goods. Through this successful boycotting the CAIT (Confederation of All India Traders) which is an affiliated platform for Indian traders, got involved and assisted in the production of more than 1 crore rakhis.

In certain cases the CAIT venture also focused on using female labour, who would work from home. Now the CAIT and traders are setting up for "China quit India" campaign, which will be the next stage in the boycott starting from 9th August, 2020 in 800 locations.

This change in production location, has given many benefits to the Indian market through the employment which has been generated. The originally Rs. 2,000 Crore turnover through this season has increased by Rs. 4,000 Crore, which gets business back into the swing. This movement in the economy is beneficial to restart the flow of income and is expected to create ripples in other industries as well.