Inflow of Chinese goods could see a rise in October-December

Chinese goods worth about Rs 20,000 crore primarily comprising electronics and electrical items, gifts, toys, footwear, home and kitchen appliances – still lie at the Indian ports waiting for clearance, said Confederation of All India Trader Secretary General, Praveen Khandewal. This may lead to increase in inflow of Chinese goods in October to Decemeber.

The traders and importers who had placed their orders in November and December last year are yet to receive a chunk of their consignments. The unprecedented delay in delivery is due to the shutting down of Chinese borders in January and February, followed by the coronavirus pandemic and the subsequent lockdown in India which lasted for about two months beginning March 25.

However, Khandelwal said that traders have not placed fresh orders with China for these items since March.

India’s imports from China during the April- August period of the current financial year stood at $21.58 billion. This is as 27.63 percent drop compared to the previous year.

India’s decision to reduce imports from China, especially cheap electronic and electrical items including mobile phones, home appliances, gifts and toys- will be a big blow to China. India has initiated talks with Vietnam, Taiwan and South Korea besides boosting its own production through Atma Nirbhar.