New Delhi: Nearly half of Indians (49 per cent) want Chinese companies to sell products in India so long as these firms formally stated that no personal or aggregate data of users will be shared with China, according to data from a survey released Wednesday.
Conducted by LocalCircles from 30 June to 6 July, the survey sought to gauge the sentiment of Indians with regard to Chinese-funded companies and products. It had received over 19,000 responses from citizens and 3,341 from small businesses across 243 districts of India.
The survey found that 29 per cent respondents wanted government-sanctioned action against Indian companies having Chinese investments, while 11 per cent said no action should be taken.
The survey also found that 30 per cent respondents wanted action to be taken only if Chinese ownership of a company is 10 per cent or higher. Others (27 per cent) said no action should be taken but Chinese directors on the boards of companies must resign.
At the moment, 18 of India’s 30 unicorns like PayTm, Ola, BigBasket, Byju’s, Dream11, MakeMyTrip are Chinese-funded, with giants like Alibaba and Tencent dominating investments.
35% feel products by Chinese firms shouldn’t be sold
In the survey, 62 per cent respondents were men while 38 per cent women. Respondents from Tier I cities comprised 59 per cent, 28 per cent from Tier II and 13 per cent respondents from Tier III and IV as well as rural districts.
The survey found that 35 per cent respondents felt products sold by Chinese manufacturers in high volumes in India should be stopped.
Around 14 per cent said these firms should only be allowed to sell ‘Made in India’ products, while 25 per cent said the companies must be permitted to sell indigenous goods if no data is shared with China. Only 2 per cent said sales should be allowed as is.
Out of the 3,341 startups, SMEs, entrepreneurs and small businesses, 27 per cent said cutting economic ties with China will have a negative impact in their own businesses, while 24 per cent said it will have a positive effect.
A majority (42 per cent), however, said it will have no impact on their businesses, while 7 per cent remained unsure.