Restrictions on Chinese Imports –Impact on Indian Economy.
The Centre's decision to impose restrictions on investments coming in from neighboring countries especially China could have a negative impact on the start up segment.
Why restrictions on Chinese import?
-The stand off on the Line of Actual Control (LAC) between India and China is the principle cause for imposing restrictions .
--These Chinese are engaged in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order.
What is the China’s stake in top 30 Unicorns in India ?
-Chinese investors have already cornered major stake in 18 out of India’s top 30 Unicorns(startup company with a value of over $1 billion).
-China linked investments in India’s tech start-up sector alone at $4 billion. These investments could be small, but China via tech sector is embedded in Indian society and holds influence due to the nature of tech investments.