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VOL. 9, ISSUE 1 (2024)
Effects of Chinese products on India's large and small industries
Authors
Dr. Pushpa Dewangan
Abstract
Poor infrastructure, particularly insufficient electricity, is one of
the reasons why Chinese goods, which have been the primary source of
competition in the industries negatively impacted by imports, are not
competitive with Indian goods. You can find the Chinese equivalent of everything
in India at a far lower cost, including needles, toys, technological devices,
hot water bottles, and Diwali crackers. Chinese items are 10–70% less expensive
than Indian ones. Chinese items are popular in India because of their variety,
low cost, and mass availability. Large amounts of Chinese goods being imported
into the Indian market, which has a negative impact on Indian businesses.
Chinese products are having an impact on our nation's export market in addition
to local companies and the Indian market. 'Made in China' labels are replacing
Indian products both domestically and internationally. The Made in China brand
is gradually taking over every market niche in India, including toys,
medications, automobile parts, textiles and apparel, electronics, and more.
Although India takes comfort in the fact that its growth rate has outpaced
China's, the reality is that these figures often present an overly optimistic
view of the nation's economic success relative to the nearby powerhouse. The
truth is that low-cost Chinese imports are destroying the Indian economy, and
Madhya Pradesh's many industries are arguably the most affected at the moment.
The Madhya Pradesh Association claims that since duty-free imports of around
1429 different component categories were permitted starting in 2014 as part of
an information technology accord with the World Trade Organization, the
component sector has suffered.
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Pages:131-133
How to cite this article:
Dr. Pushpa Dewangan "Effects of Chinese products on India's large and small industries". International Journal of Multidisciplinary Education and Research, Vol 9, Issue 1, 2024, Pages 131-133
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