Mutual fund distributors have voted that they are willing to make the greatest possible effort to boycott China.
‘In the wake of rising tension between India and China, what are you doing?’ asked a poll conducted by Cafemutual. Close to 720 MFDs participated in the opinion poll on Twitter and the Cafemutual website.
Here is the snapshot of the opinion poll result.
In the wake of rising tension between India and China, what are you doing?
Uninstalled all Chinese apps: 98 votes, 13%
Pledged not to consume Chinese goods: 56 votes, 8%
Promoting 'Boycott China' movement: 44 votes, 6%
All of the above: 522 votes, 73%
Echoing the sentiments of the majority, Dr (Col) KK Goel, an MFD who has served the Indian army said that personally he has been avoiding Chinese goods for quite some time. “Why should we support China’s economy knowing full well that the Chinese are using their resources against us?” questions Goel. He feels that none of us should buy Chinese products just because they are slightly cheaper than the ‘Made in India’ alternative.
Ashish Chadha, another MFD who has served in the Indian army said that it is high time we boycotted China. “I don’t understand why we have been buying Chinese products for the last 10 years despite being fully aware of China’s intentions. While the Indian army is doing its part, citizens should also do their bit by manufacturing Indian alternatives and promoting them. This is the only way to reduce the trade deficit and in turn the dependency on Chinese products.”
