Should Indians Fully Boycott Chinese Products?
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- เผยแพร่เมื่อ 5 ก.ย. 2023
- Watch the full episode - • Ep #9 | WTF is Venture...
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Nikhil Kamath - Co-founder of Zerodha, True Beacon and Gruhas
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#NithinKamath: Founder & CEO of Zerodha
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#KarthikReddy: Co-Founder and Partner of Blume Ventures
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#RajanAnandan: Managing Director of PeakXV Partners
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#PrashanthPrakash: Founding Partner of Accel Partners
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#nikhilkamath #WTFiswithNikhilKamath #Nikhilkamath #Podcast #WTFiswithNikhilKamath #WTFisVentureCapital #VentureCapital #PrivateEquity #AngelInvesting #Funding #Finance #Investments #StockMarkets #IPO
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Bro Nikhil, stop cutting off the guests so much!
thank you. someone said it.
++
Arrogance. This guy thinks he is it. Jerk.
Exactly what i was thinking. LET THEM SPEAK!!!
True....
@4:23 Boat didn't win because they had a better product, they got their product from China at fraction of the cost and marketed as the first homegrown electronics brand and sold it at just enough margin so it was way cheaper than other alternatives.
Well Said
A good host doesn't interrupt the flow of thaught....
That's super cliche to be fair, good host or not one should make their point clear in Podcasts like these. Rajan continuously missed Nikhils point by saying 'make better product and it will sell, then go for pricing". What Nikhil really wanted to know if one should/would pick an inferior product just because it's made in india . Compare this to Prasanth , why was he not interrupted so often ? Cus his point was clear
Bhai baat to sun lo puri
Conversations have quality when there is listening and only after the other person finishes the sentence another should speak. That is basic.
See the whole interview please. You need to nudge the conversation in right direction.
Somehow Nikhil's idea of patriotism seems more emotional than practical. Also, I sense a tinge of socialism coming through his ideas.
And why that's bad ?...even if it's true which I have my doubts on as well.
Apple is a product of patriotism. And it is practical. Money is ultimate motivation to progress. If people don't buy their own country product, we can't expect other countries to buy our product.
@@saranshmishra2267other countries do not buy our product because they are low quality😂 start buying high quality products then quality of Indian Products will also increase
brother you have no idea what socialism even is. You better go read a book
@@DannycageGhostrider that's called fair competition which fake patriots don't understand. Working in a bubble never works.
Come on Boat makes shitty products, they are only selling, because of advertisement, marketing, and low cost, sure that makes a lot of business sense for them but sound quality of boat earphones is awful, I think the quality is good enough for most consumers for the price so that is there value proposition. there no breakthrough products that they are pushing, there longevity sucks.
And Boat, Noise, Fire Boult -- all of them initially imported all their maal from China! They did what Micromax did with mobile phones. Import from China and spend more on marketing. Not R&D and local manufacturing. That they only started to do that much later.
Agreee . Boat is pathetic
Transition gradually. E.g. India declared Laptop import ban policy, then 30+ foreign brands applied for making them locally. Then Indian Govt announced PLI scheme. So we need to use both carrot and stick policy.
If you want to see make in india narrative. Buy one adidas shoe costing 1800 and one redtape shoe costing 1800. you will find redtape shoe which is made in bangladesh is of high quality while adidas made in india doesnot feel its worth. So make your own opinion.
True
before walmart came in picture, i preferred flipkart over amazon for the same reason, and the same with the products or ever some services. i even used to suggest it to my friends as i found none of my friends actually cared enough about this.
Wasn't Flipkart already owned majorly by tiger global, softbank, etc. even before walmart came in?
@@jatinchuglani a good part of it was still indian owned, choosing it over amazon made sense because amazon is mostly owned by americans and other investers.
lol
Cloudtail and appario are 51% Indian. So it is not that bad
@@vipulmishra1993billionaires are nation state in themselves supporting an Indian billionaire or a foreign billionaire doesn’t matter. If incase you to wanna priotise supporting business out of some moral compass it should remain till msme. billion dollar corporation tend to harm the very country which they are in the most by exploiting them the most.
I chose the best product if my pocket allows me to do so, but if given a choice of similar quality at similar price i will definitely go with Indian options
If I give you my example,
I had to buy washing machine and after over looking for few of them, i shortlisted 2 of them, Haier and Godrej ... There was around 2500-3000 of diffrence in the price but the features were almost similar... So i decided to buy little costlier godrej which had similar features that of Haier ...
So the point is that whenever you get a chance to get an Indian product over any foreign product with the same features then even if the Indian product is little costlier and you can afford it, prefer that ... Because the whole money which was spending is going back in Indian economy whereas significant portion of the foreign product's price will go out of India...
Godrej also imports and assembles in India,
What we need is quality.
If we stick to quantity, even Indians won’t buy their own products.
We need to make the consumers forget the notion that Made in India product are inferior.
For that make good quality products. I am surprised that people are pro boycotting inspite of the fact we have protectionist government for almost 75 years we barely opened our economy in 90s that’s too not that much.
Amazon always, before 90s we picked indian companies, rest all is history. Don't like FDI don't allow them to enter but once you allow and they are serving you don't play these stupid games of us vs them. Don't you want indian companies to sell outside India, with this attitude it won't last long
India tried this from 1947 to 1990 and you got one ambassador car. And with open markets more than 600 million Indians have smartphones. What's good for Kamath and his ilk is not good for the customers.
Man, atleast let the person complete his answer when you've asked him a question
For every one 200 dollar Chinese mobile phone that doesn't get bought by Indian consumer due to self imposed Chinese boycott, many big Indian industrialists import huge industrial scale machines costing millions of dollars. Why is Indian governments have failed to deliver on good environment to Indian manufacturers so that we can manufacturer what we need at competent market rates. It is a complete failure of all the Indian governments - not just this one, but all previous Indian governments. Why should a normal Indian on a road be asked to owe a moral debt and take the loss for the misdeeds of government's mismanagement.
It's easy to be "patriotic" when you have money. I also preferred Flipkart, i currently have Google and Samsung phones but consumers will choose the best quality at the best price. It is their hard earned money being spent. Bhakti(and i mean this for political parties) is not always practical.
It's not bhakti he is just expressing his views on indian products!! It's you who see everything with political lens
I agree to that
However, if you are not aware what makes Chinese goods so cheap?
The manufacturer in china gets rebate on the taxes which are paid as customs duty in India, America or Europe. They do this untill the local players are destroyed and total dependence on China occurs. Like USA is almost dependent on China.
It is called economic invasion, the govt should focus on manufacturing sector.
But as an individual we could try avoiding Chinese products and look for Indian manufacturer who is providing quality & price in our range. Completely boycotting is foolish.
From where political parties came in these topic.
@@vijendrabugalia4571you should know bastards like some Banerjee some sen some bhattacharya will always use the word like this for a specific party and a leader you can guess that very easily but this rascals take knowledge from Germany shepherd 😂 University or some rubbish in media or some Banerjee that's why they will aashole 😊and one thing too "pak sponsored extremists" also uses these words 😅
@@vijendrabugalia4571and if you ask these @#... people that what our leaders from past from lehru to mauni mohan what had they done for our manufacturing,name any single thing(only nationalization of companies)they had done except giving some clerk jobs in psu and chill😊
We deserve world class products and services no matter where it comes from, keep making enemies with each country and then enjoy your amrit kaal.
Made in India?? It was the craze .. now if you see Amazon or any ecom site , it’s flooded with made in China products!!
Yaar Nikhil you are making a potentially good debate unwatchable by interrupting your guests while they were speaking
Boat's products are manufactured in China and the components are identical to those of non-India products. Boat have marketed their product better.
You need to understand one thing, china didn't became global manufacturing hub by just selling within their country. Before even they making their products.
They built a smart efficient supply chain infrastructure.
Leave the elite class. Bharat is billion dollar economy with just middle class customers.
So if Bharat is tot ake that same path. Why dont we target similar economies like Bharat around asia itself. Unless we compete against china. Our path can't be succeeded
Bro, if India favors Indian goods, Chinese favor Chinese goods, and so on, who the hell will buy from anybody? Patriotism is contagious, and sooner or later, everybody will sing this song. The entire empire of globalized market will collapse. If my country makes a product, I won't spend a penny unless it's good enough. Period.
5:00 that is true in the case of Japanese and South koreans.. Not only consumers, Manufacturers of S.Korea dont use raw materials of other countries . For example steel for the cars made in Korea.. Even though Indian steel is less in price they dont buy it.. Govt dont have any restriction but manufacturer have that level of petriotism ad ethics.. Other day Minster Piyush Goyal was mentioned indian businessmen will ready to procure products from outside the country if he is getting little over 1%-2% margin extra..
You should look in South Korean imports and not believe in nonsense. Same with Japan. business procure things either it’s less expensive and same quality. Or better quality.
@@admin_0000 I think my point bounced over your head. I didn’t say anything about steel in general simply mentioned people and business will buy where it suits them the most that’s how free market works. if you are against it no problem. I am happy if you wanna bring back protectionism of congress era. You seem to be a socialist and communist. Great for you. I asked to check the list of things South Korea imports same with Japan. If they import means they do use products from other places. Btw both the countries are manufacturing behemoth. Hence their own people have option to buy Korean or Japanese. Do you think Indians wouldn’t buy Indian product if they were as good and competitively priced. people seem to make every one anti national. Currently I own a Godrej refrigerator it’s awful do you think I should buy Godrej again cause it supports Mr Godrej who might end up being tax dodger ( who knows). I have to make sure my hard earned money gives me ample return. Big business which talk about protectionism are scared of competition ( I am ok supporting MSME). Did you study finance ?
@@SunilSingh-eo4blmakes sense.
@@SunilSingh-eo4blno koreans were prefer korean products even its inferior to foreign competition... u should really look into Hyundai case.. they were producing copy and crap but koreans kept on buying and now see where they are
@@DeepakKumar-uj6br you should look at the price of Hyundai compare to the foreign competition when it was inferior. It wasn’t that they were buying same price Hyundai or Kia even when the competition is more value for money. You want protectionism go ahead you socialist and communist. I have no problems. Demand from the government for high duty fees in every sector just like the 80s. Also you are free to buy any Indian product no one is stopping you. As per your logic other country should stop outsourcing to India and make sure the job stays in their own country ( because you are against free economy and capitalism) I highly doubt we will generate wealth like that. also where did you go to college and school. You should ask money back from both as they didn’t teach you anything.
Nikhil, have patiemce if you wanna get perspectives from rajan and others. You already have your perspective. Listen with patience to get another perspective.
Boat does not have a better product. In fact, they make the worst quality products when it comes to sound.
I am importer. Many industry ( Tiles, Paper, Electronics, Automation ) can't survive without import ( 100 % dependent ) , Every famous brand ( Jindal Steel, Pidilite, Kajaria, etc ) if you look at their product sourcing pattern, you will end up finding china product ( Either Raw Material / Final Product / Product Packaging Material ).
As per my opinion, don't ban industry products that 100 % depecndent on it. Because that ruins business of whole industry and affects india exports too. Because many industry like tiles they are importing raw material and exporting tiles. You will ruins whole export business by posing heavy import duty. That's bad move and not helping any business owner.
If you want to create real change than create opportunities. Please create business subsidies / Cheaper Loan / Cheaper electricity / Cheaper gas / Cheaper Industrial Lands. That can revolutionize local business. Just like they did in china, ease of doing business. No gov BS.
We need a Podcast with Sir Ratan Tata, Narayan Murthy Sir, Nilekani Sir, ISRO Chairman
If this podcast grows to 1 million they will come for sure
Zoho k founder ko sb bhul jate na jane kyu ...
@@adityakothiyal3 yes he is also an inspiration
tbh for the same reason as of supporting an indian brand i always choose ola before uber even if it charges more
i never go back to brands who sell bagladesh made cloths like voltas ac over the others its embedded in me to choose an indian brands over the chinese or american
but i do it coz i can afford the difference while at the same time i dont blame the customer for choosing the better value for money product who has limited resources
while i would love to see more indian brands coming into the big ticket market of smartphones like boat can surely be there
we need to stop selling to indians rather than focus on selling to others because theres only a limited money you can get out of selling to indians while even if you sell one tshirt to an american it will be equivalent to selling 30 in india
Well done Nikhil Kamath. You are an inspiration.
There is concept of key buying factor in consumer research.
If someone closely visit china manufacturing space , level of automation, discipline in work , infra around factories ( for people,s comfort), no religion clashes and elections on every few months ( labour work force pulled away during that days and no perfect calculation for productive hours ).. I think to stand globally in completion with china rather PLI, we need something more..if policy makers visit factories over there for week in any segment but not just few hours , min week for specific segment , they can see bigger picture and difference . We should have better production with better pricing is we r talking about outcome. We should more focus on steps to achieve it with micro calculation that most of people r forgetting. Just check our trade deficits no with china and it speak all.just one boat can not be example for everything. When reliance has disrupted market , they have brand and hence deep pockets which r Built over decades .. so yes , real brainstorming should be around HOW.. thanks.
Great insights
Ranjan Anandhan seems like such an interesting guy. Has he showed up on any other podcasts?
Shutting down outside competition doesn't seem to work. India was shut for around 4 decades after independence. That really didn't push indian inc to manufacture world class product. Instead they produced mediocre products as they were monopoly. Same with phones. There was a great opportunity for Indian manufacturers to capture market. Companies like micromax made cheap quality relabelled items.
While a very small affluent cohort of users buy Indian products for the patriotic reasons - majority of users simply go for value for money! Initially i used to prefer flipkart for patriotic reasons but amazon did so much better in terms of product assortment, product discovery, product search etc that I had no option but to move to Amazon.
While you had a point Nikhil, try to hear out what the VCs are saying - as they had a much stronger point too. While, I felt so bad for the VCs for the bit for being cut off so many times.. but I guess its more of your internal dynamics towards VCs :D
Amazon's UI UX has alwasy been crap and i remember using it 3 years ago in my old phone, it used to keep crashing while flipkart was buttery smooth!
An absolutely clear No! Indian consumers are the most price sensitive in the whole world! This made in India and consume in India comes into consciousness post turning a billionaire. Till then every Indian is trying to match their consumption with their income. These ideological assumptions of Indian markets can only be categorised as Naive
High ticket items like vehicles, I've made a pledge, no northern neighbours products
Isn't boat just a cheaper version of Dre Beats? They shamelessly copied their designs
who are the participants in this show?
Upstream supply chain of key raw materials is the key. Unfortunately China Is controlling it (lithium ion batteries, battery cells, silicon used as RM for solar cells) . Most of the electronic components in home appliances is made in China. India will have good days in future due to shifting of manufacturing from China to India + China’s own creation of real estate crisis .
@nikhil the shows are superb I regularly watch Matrix Moment But I add your podcast too so thanks for knowledge sharing as you mention US domestic more than 60% from QSR, India is on the same path to tapping the business opportunities i am working do let me know if you can funds us will ready to discussed idea thanks
I also picked Flipkart ,
Now i use TATACliq / Croma/ VS / RR
@@admin_0000 Back then ,when it was not owned by Walmart
Last year, bought refrigerator, samsung over haier, also phone samsung over chinese brands.
Nikhil sounds like my grandaunt with the quality of his homely insights about India and industry
I still remember taking to a friend back in 2016 about the newly launched free jio sim with 4gb per day data plan and him taking sim on the next day thinking that 4gb per month was an awesome plan😊.
The description is misleading, it says podcast. turned out to be a monologue by the host.
Yes.. It was. Is will neccessary to boycott Chinese product.. And manufacture our own required product and sell other country
Boat is quite honestly one of the worst in terms of sound quality. I would rather pay 20% more to get a JBL or Sennheiser. I guess good music triumphs patriotism for me.
It's true most Indians are choosing made in India products over Chinese. Indian consumers need good quality products at right price. High quality products with "made in India" tag gives extra boost to buy Indian products.
we have a serious manufacturing problem with our low per capita income.
Yes. I also picked Flipkart over amazon, but later it is just same.
Missing the point on dumping completely. Indian consumers needs to pick Indian goods over Chinese for that imp reason as well.
I felt people want solutions at a cheaper price, because our basic salary is unable to pay our requirements. We need to find cheaper ways to provide solutions, example I was going to buy a brand new Android phone, and a found an Apple iPhone 7 128GB at Rs. 3500/- which was providing the solutions I wanted. It worked, cheaper solutions are available but it requires a lot of patience to understand the situational knowledge. Keep in Mind both phones were assembled in India, so some win.
Nikhil is correct, consumers should prefer Indian brand over Chinese brands , like we should not buy MG cars , it is China brand, there are several other options, this can only happen when consumer is aware.
70s and 80s were era of import substitution and indiginesaton in India!!!
Indian business people must keep Indian businesses in Indian hand. There is no trust in foreign hand. Foreign ownership is like dependency
i have 2-3 relevant points to here. Nikhil briefly mentions about the IP being centered around India. Basically, it's Assembly in India and not Make in India. I am not cynical here. I am optimistic, change is happening, but at a snail's pace. The biggest fact being the number of "Patents" coming from India. For perspective, If in India the number is 100, in China it is 400. I dont' wish to talk shit about the government, but in all these 9 years, less than 3% funds are being allocated to Education. India has the best bi-lateral relations with Japan. We should use their technological resources (giving education to the youth like ITI institutes, diplomas) here in the form of private partnerships, better coalition R&D's in waste management and disposal, agiriculture and Robotics. you take 100 engineering students passed out from NON-IIT's, NIT's, IIIT's etc, most of them who are from the non-CS/IT background feel compelled to take up IT jobs because the NON-IT engg jobs are paying less salaries (way less when comparing to other countries). In countries like Japan, Germany people take great pride in doing Vocational Training and blue collar jobs
Boat is one of the worst headphone one can ever have .. the plastic headphone which is use and throw much better
I rather prefer Indian products over foreign products even if it's 5-10 percent higher priced
*Dammm, what a voice... Of the guest... Awesome ,(sorry i dont know the name)
I prefer to buy from the local store
Insightful conversation but agree with some of the other commenters: "Nikhil, you need to stop cutting off guests so much".
We cnt as of now. But eventually it will happen.
Some rich indians talking their mind. nothing to do with common people.
Nikhil are you coming to GFF mimbai
Still Im choosing Flipkart over Amazon even if they sell at lower prices than FK.
2 points
1. Subconsciously I choose FK for some reason
2. FK app is more user-friendly and the interface is very simple & good compared to Amazon. Customer care is also easy to connect in FK over Amazon
In which world are you living in connecting with customer support team is 1000 times more easier with Amazon than Flipkart.
Also Amazon's return/exchange service is hassle free.
Chinese consumers are 100% choosing Chinese made products over foreign made day in and day out. Even if an MNCs tries to behave in an "unacceptable manner," the boycott is so severe and en mass that it's unbelievable. Case Study: HnM 2021. Japanese firms 2012.
Nikhil, love the podcasts but pls let your guests complete their thoughts and sentences
Even I picked Flipkart over Amazon
Jio is great example of Indian product. It won the Indian consumer.
Yes Entrepreneurship must be encouraged in INDIA to Substitute CHINA!
Oh my god LET THEM SPEEEEEEAK
It is quality at affordable price
If we make something really innovative automatically Chinese products will be avoided...
Boat is not a better product … it’s overpriced .. over glamorised, over talked through market strategy
In China there are three copy available till now
brother put subtitles
7:52
India wields alot of economic power as it is the world's biggest market and everyone wants a piece of it! Bharat must deny all the countries that have abused Bharat any of the market! They don't deserve anything
The largest population does not equal the biggest market, at least not for all products.
8:30
Money and quality can replace patriotism
8:05 sage view
5.20.....Nikhil Anna... Stop cutting off the guests... And here 5.20 he was going to give some example or analogy to make his statements valid.... But u interrupted him and his chain 🔗 of thoughts derailed from explaining the old one and shifted to another.....
Even though u cutoff their explanation in the mid.... Once u complete urs... Plzzztake the help of camera crew ppl and remind guests about wat were they actually telling incase if they had forgotten.....
Can we just stop having ads here at least?
Please let others talk after asking a question before interjecting.
You invited them to know their views right? So why are you interrupting so much
Don't cut camera feed so frequently, 🤚🤚
10:12 nikhil be respectful of your guests
Let them speak bro
Why bother inviting any guests? You are not letting anyone complete one single sentence.
nikhil first listen
Yes I picked ola over Uber 👍
If we go on that path, we are again going to fall behind the world like we did , when Nehru and Indira closed the borders for import, due to that we had decades of poor and inferior products. Same thing is happening by banning Chinese products. We must collaborate rather than banning. Collaborate the strengths of each. When the world is benefitting by cheap and good quality Chinese manufacturing Indian are again being left behind. This is unfair and it’s going to keep us poor and behind again. Indian govt just does t give its citizens a chance.
Very good decision by government...china ka kachra yhan aara h trade deficit 80 billion dollars h
First ignore Vivo, MI, Redmi, Oppo,
Buy atleast Samsung as they have same range phone at same price, paying IT properly to Indian govt. These Chinese thiefs evaded 9000K crores Tax so far.
nitin is an observer
Boat's product quality is bad
How much u are interrupting him... sad
For manufacturing to grow, govt. need to be aggressive and promote big scale investment with a PLI scheme which was long overdue..
Sample this..
Labour in China are making $ 500/month, Indian labour is making $ 180/month.
Even in recession China is able to maintain its monopoly since no other country can match scale..
Manufacturing is one which can close gap in unemployment since labour force can get into main stream with minimum training.
Now see the potential that $ 500/month with each labour which can change dynamics of our economy.
Right now India is in a sweet spot where huge opportunity is in front of us to grow both manufacturing and services..
We will start peaking in services in 10 to 15 years with or without govt intervention..
Manufacturing requires insane capital and returns are not that great for promoters.
Manufacturing is the sector which needs handholding and a right push which has been ignored for quite long now..
Modi administration in last 8 years: Gathi shakti, new massive ports, DFC, 500 Vande bharat, 800 wag12 locos, 1000s of other 6000Hp and 9000hp locos, 50 world class rail stations renovation, metro in 25 cities, bullet train, power reforms(pending), solar plants in Rajasthan, 450000 Mega watt Renewable target, hydrogen push,50000 EV buses, full electrification of rail lines, highways expansion including 23 green field, lots of tunnels and bridges, 20 new IIMs 22 new AIIMs 23 new IITs 25 new IIITs, central vista, udaan scheme, private airports, upi, cheap 4g, rafale deal, tejas, russian oil, 20% ethanol blending, cutting edge defense equipment acquisition, defense exports, 4000km border roads(pak china,nepal, burma, B’desh), make in india including iphone, exports growth, startups growth, semi conductor investment, housing scheme with aavas yojana, dharavi development (finally), jan dan dbt, ayushman bharat, mudra loans, and lot more