India’s Emotional Economy Conundrum & Emotional Economy Index (EMEX)

India’s Emotional Economy Conundrum & Emotional Economy Index (EMEX)

After the classes in the Galwan valley of Ladakh that left 20 Indian soldiers dead, there is a great objection to China in most of the India’s TV Channels and Newspapers. Even in social media so many trolls are found to boycott China and this is the time to teach a lesson to China for their heinous job of secret war and breaking of the bilateral treaty after almost 40 years. But my simple question to each Indians- that shall India get benefit from these Boycotts and lessons ?  Let me express my free opinion.

Statistical data indicates that, Imports from China to India reached $65 Billion in 2019-20, out of $81 Billion 2 way trade. This clearly identifies that, India imported $65 Billion in 2019-20 while its export was $81 Billion only with China. Alternatively it is clear that, India exported $16 Billion to China while imported $65 Billion from China resulting with $ 39 Billion as Trade deficit with China in 2019-20 only. Besides, approximately more than $6 billion has been invested directly in Indian companies by China. Bigbasket.com, Byju, Delhivery, Flipkart, OLA, OYO, PayTM, Snapdeal, Swiggy, Udaan, Zomato are some of the e-commerce players in which Chinese has invested and these companies are having majority of employment generation in India. (I suppose this means, China will decide one day where Indian will stay (Oyo), What Indian will eat (Swiggy / Zomato), what Indians will read (Byju), in which Indian will move (Ola/Uber) ?). In manufacturing and Core sector products, powerplants, telecom equipment, metro rail components, most electronic gadgets, bulk drugs pharmaceuticals, even finished products in iron and steel, plastic, automobile components and so many daily used products are being imported regularly from China. Statistics indicates that, the trade deficit with china increases y-o-y increasing India’s core dependency on China. Even also, it has been observed that, in some high drama news channels like the high rating TV show “Boycott China” of Republic TV hosted by a senior anchor is sponsored by a Chinese Company. This clearly indicates that, how our daily life even our media house is being funded and sponsored by China. So now the question arises, whether we Indians can survive without China or not ? In an emotion, when there is a call to boycott Chinese products, shall India’s economy will not suffer from a further depression after Covid-19 depression or not ? Again, will not these boycott lead to another economy unemployment in these all e-commerce service delivery system or not ?

By asking these above question, I am not arguing in support of Chinese goods neither I am doubting on India’s capability factors. Rather I will say that, when Micromax launched a mobile phone in India under the great Make in India campaign , I was the first among my friends to have one handset from Micromax, irrespective of its features. I used to promote Swedish goods and services always. Talking personally, when being a promoter of an e-commerce portal (Indiabookbazar.com / Odibookbazar.com) while using Indian Posts as a supply chain (delivery) partner to us, we are severely opposed and criticized by our Indian customers for not using Delhivery as our supply chain partner and in this we unfortunately lost some of the customers from repeat purchase from our portals. So, I doubt (my personal opinion) whether it will be a successful proponent to ask to boycott Chinese services and products in India ? it is doubtful in todays context.

Contradictorily, let India will not boycott China but China will boycott India in supplying its products and services. Though as a common Indian, I will think and argue in generalized terms that, if China will boycott India or Vice Versa, then Chinese economy will not survive….. I think this kind of argument is baseless. As an Indian, we should not over confidence our eligibilities in competing with China. Why I am saying so ? Most Indians may not agree with my opinion and I am not going to ask each and every Indian to say yes to my opinion. But I am expressing my free opinion as just like an ordinary Indian Citizen having expressing my opinion as one of my constitutional rights. Let me discuss why I do not support this idea of Indian public as a common ?

First, come to the Educational System, which is considered as the back bone to all. In the ranking of all Universities / Educational Institutions all over world (name any rating agency like Times or any one), there is not a single Indian Universities in top 100 allover the world, where as  More than 5 Universities including Research Institutions comes under top 50 in the world. Where as India stands Zero. From the proverb morning shows the day, one can imagine where India stands today ? As a country with second highest population in the world, with the single largest democracy, we are the largest consumer market in the world and Chinese has taken the benefit of our largest consumerism. India failed drastically to utilize its vast mineral, manpower and youth resources as lack of entrepreneurship and lack of innovativeness. India failed in developing a system of promoting intellectuals and promoting entrepreneurship which is the greatest asset for China. I have mentioned some of the e-commerce service players name , those who have created their brand names in India and created economic opportunities in India. Can anybody mention the name of any Indian company which might have generated any economic opportunities in China and become a house hold name in China like Flipkart / Zomato/ Swiggy ?? I don’t recall anyone.

Now come to the knowledge and entrepreneurial scenario. Indian govt has a good policy to promote Indian start ups under Start up India and Make in India program. Even , Govt. of India has allocated a huge amount of funds for the development of indigenous   technology and products. Can any reader name some of the start ups in last 10 years which have made a National Presence in India with a successful country wide presence with a creation of a successful brand name with household presence like Tiktak ? Can any body says, in last 10 years how many Indian Companies / Investors has made huge investments in Chinese household companies ??? Rather news head lines high light Indian companies are getting investments from Chinese investors. Alternatively, we Indian people are getting happy to read news regarding some of the Indian people got rank in Top 10 rich persons in India and the rate are increasing in top 50 rich people in world rankings, but we are helpless in getting investment by Indian rich peoples in Indian start ups or companies out side India which are house hold companies in other countries. This is the duality nature of Indians, which is hard to be believed by everybody.

Truth is truth. I am highlighting another duality nature of Indian people. People who are leading the campaign and trolling Boycott China, I think, these people must be using Chinese Mobile Phone to spread this movement, Chinese wireless adapter to use internet to spread the message, even must have used Chinese media to spread the message. Sponsorship of a program in Republic TV to Boycott China by a Chinese company is one of the greatest example of duality. In such scenario, how India will come out from China ?? where China is in India’s blood, bread and butter.

Our major lacunae. We are a democratic country. Our research and development Institutions have no accountability and even no body can ask about their accountability and output, and if anybody can do so, he will be treated as Anti National. Govt. can spend crores of crores of Rupees for research and innovation without expecting any output. Govt. has no rights to ask for any target oriented research and innovation, bcoz we are Indians and we live in the single largest democracy of the world. Here, once an intellectual gets a good job in any good establishment, the first and foremost priority is to get married with a high profile daughter and host the marriage in a high profile star hotel and the next priority is to come with nxtgen off springs and then to be busy in bringing them up like competing for a better private English medium school, planning for car and an apartment / home is a good location… like the priority for self and family first. The next big priority is to blame the Govt. system for its in capabilities like poor standard education in Govt. schools like this. And the next priority is Govt. is not recognizing our talent and giving less salary and other components as compared to western country parts. So, we condition our children to go for private medium education and plan for them to go abroad to settle in USA/UK/other European countries…. And this process goes on. Most of the time wasted hours, days, months even years in calculating how much arrear one can get if any pay commission will be implemented. Now a days most of the time in office is killed in the discussion and heated debate and arguments like whether war between India and China should be declared or not ? Indian should boycott Chinese products (keeping China Mobile in hand). But no body thinks a second how India will supersede China ? Because we are duality in our character from the beginning like “India” and “Bharat”.

Now come to economy. We know that the stock market index in India is called as Sensex alternatively called as Sensitive Index. As the name indicates, it is very much sensitive to outside cough and cold. Like , if western market say NASDAQ losses by 100 points, Sensex losses by more than 500 points and vice versa. Because we are Indians and we believe in “Basudhaiba Kutumbakam” . Ok, it is our social conditioning that’s why our stock market index is so sensible to others. But what about economy ? I named it as EMEX as Emotional Economy Index.  Why EMEX ?? We Indians believing on our duality nature (character) , promotes Boycott China, as we are emotionally citizen of India (but love China whole heartedly inside). We file cases in apex courts to call Govt. ban Chinese Products, keeping Chinese Mobile in our hand. We debate in TV channels to boycott China while the show is sponsored by China. By this what may happen ? People, who are not intellectuals (I mean who lack reading and researching the facts and figures, who lack minutely observing and analyzing the facts and just rely on the high rated TRP shows) used to be a victim of boycott china, these people in the society will loose. Say, the people who are employed in Flipkart/ Zomato/Swiggy/Delhivery etc will loose their jobs and they will struggle for a squire meal for their family. Will the promoters of Boycott China slogan will help them in getting any economic security of those people who are going to loose their jobs in future ? Absolutely No.

This can be clearly explained with a real time example. Has anybody asked the family members of those soldiers who are deployed in the borders that, are they wanting for a battle with neighbor ? I think, no family members of any soldier deployed at Border never look for a war to sacrifice their family in to further distress. This is called “Deshbhakti in disguise of Poverty” as the border job is giving them the opportunity to run their family as an economic opportunity. In most of the cases, it has been seen that, these soldiers are the sole wage earners of their family and belongs to family of daily wage labourers or small scale farmers. But people seating in AC chambers /AC Homes looking TV Channels are debating to have a war against China. If Govt. can rule that, it is mandatory for each and individual house hold of the country, any single member  from each family, whether male or female is bound to join in defence for the shake of the National interest and to be deployed in border for a minim period of 2 years (say), it will be well known that, for the shake of Desbhakti, the ruling party will not be voted for another term. As everybody loves their family and no body want their family members to face death for shake of Deshbhakti (except a rare few breeds). But it is very much easy to seat in TV channel to argue for a war against China and Boycott China while as duality, no body is interested to sacrifice their sole family earning member for the shake of the Nation and sacrifice a good feature slim high megapixel dual camera selfie phone. As , lastly I can say that I am  “an Indian” and in duality terms “a Bharatiya”. But for the poor rural people, who are influenced by these high profile duality personality, they are not “Indians” as they are only “Bharatiyas”. And for Bharatiyas, who are the majority of the consumerism , boycotting China will throw them to hunger and unemployment and a severe further slowdown in Indian economy and our duality nature will be held responsibility for that.  

The Editor
The Free Opinion