Chinese products are a hazard to Indian businessmen and economy
Visit any goods market in India or visit an online retail website, you will see low cost Chinese items in all places, either it’s electronic devices, crackers, decoration productions, or another day to day usable, you will find an economical Chinese form for nearly everything.
Be it everything from a needle to playthings, electronic devices, hot water bottles, Diwali crackers you will see the Chinese form of the same in India at many inexpensive rates. The rates of Chinese products is 15-75% lower than that of Indian products. Low cost, bulk availability, and collection are few of the friendly features of the Chinese products in India. Chinese items in large quantity are put into the Indian market and unfavorably stirring the Indian units. Chinese products are not only stirring the domestic work and Indian market but also stirring the export market of our country. Indian products are being replaced by ‘Made in China’ marker both in India as well as abroad. Made in China marker is moderately apprehending each division of Indian market like electronic products, textile and garment business, toys, medicines, car elements etc.
Chinese products are mainly low on a feature. Such as last year, on Diwali, the Indian market had been filled with Chinese crackers including Sulphur. Sulfur is hazardous than Nitrate used by Indian cracker producers. Their cheap price fascinated lots of buyers which actually afflicted the income of the Indian cracker business.
Chinese goods are almost inexpensive, broadly accessible and give enormous profit to the dealers. But on the other hand, Chinese electronic products are not secured, of lesser quality and come without assurance or maintenance. These do not last for a long period of time, Chinese products in India has concluded in the closing of many production units. Chinese producers are mainly bulk producers and have a very methodical vendor base. Also, the supply chain price in China is very low as distinguished to India producing the items further inexpensive. In addition to this low price of raw material, high output per person, and low indirect taxes and import duties make their good further inexpensive. Incentives to increase export and bonus further increase in manufacturing.
India must see into its organizations to decrease the import of Chinese products. Our frugality is agriculture based and moderately service sector is also getting into it. But the most necessary giver to our savings in agriculture. The labor force is accessible in large number but ideas to earn money are lowering. This is occurring due to natural resources are lowering which is leading to an important decline in agriculture. Bad infrastructure is another issue in India which is adding to the time and price of production. The government should boost local small business to decrease foreign products in the market.
To protect the domestic producers from the Chinese products there is a crucial need to transform the policies and add duties. Apart from this India vigorously needs to work on its base and effective use of energy and other natural resources to challenge at price level and feature.