ROFL. Being an Indian, I don't agree. Even if India boycott Chinese products, it is going to have hardly any impact on the Chinese economy. Only around 2% of the Chinese exports are destined for India. The major markets for Chinese products are North America and Europe. On the other hand, a large fraction of India's exports go to China. So any such measure can be counter productive to India.
This could be the reason why Indian's prime minister do not want to escalate this tension further if they sever the economic tie up India is likely to suffer the most, but China is quite a traitor on this and they now aware of that, the Indian army should now take extra careful when dealing with China, their soldiers are abusive.
I guess it’s not only India who is reducing the imports from China , intact some other companies or industries which was setup in China by other countries are in process to wind up from that county and shift the base to other countries . So overall various countries are now cancelling the trade or setups with China in one or other way .