{"id":677,"date":"2018-06-16T09:18:31","date_gmt":"2018-06-16T03:48:31","guid":{"rendered":"http:\/\/capitalante.com\/?p=677"},"modified":"2020-05-19T09:49:55","modified_gmt":"2020-05-19T04:19:55","slug":"impact-of-chinese-products-on-indian-economy","status":"publish","type":"post","link":"https:\/\/capitalante.com\/impact-of-chinese-products-on-indian-economy\/","title":{"rendered":"Impact of Chinese Products on Indian Economy"},"content":{"rendered":"

Chinese products have become inevitable in our day to day life from needle to toys, electronic gadgets, hot water bottles, cell phones, televisions, crackers, car components, textiles, garments, etc. In India, Chinese products are sold and the main profit moves to China, a rival county of India. When Indians buy Chinese products indirectly they strengthen the Chinese economy and weaken the Indian economy. In this column, we will discuss the impact of Chinese products on Indian economy.<\/span><\/p>\n

There are several reasons why Chinese products are sold in Indian markets<\/strong><\/span><\/h2>\n

There are Chinese versions of products at a much cheaper price. The price of Chinese goods is 10%-70% lower than that of Indian goods.<\/span><\/p>\n

Unfortunately, Indian people run for cheaper products. They do not check the quality of the products.<\/span><\/p>\n

There are electronic products or gadgets like Mobile Phones, Computers, mouse, speakers, CPU that contain more features at cheaper rates.<\/span><\/p>\n

Some products like cell phone accessories are assembled in China like Apple, Sony, Samsung the world brands of several items.<\/span><\/p>\n

To promote domestic industries the Chinese government imposes a lesser tax that leads to the low price of a product.<\/span><\/p>\n

In some cases, security parameters are compromised. Regrind material is used instead of plastic. In this way, the making cost is lowered.<\/span><\/p>\n

There are instances when many branded products like Samsung, Apple, Sony are copied and sold at a very cheap rate in Indian markets.<\/span><\/p>\n

It is not that India cannot produce such products. Here many problems or drawbacks come into force<\/strong><\/span><\/h3>\n

India lacks skilled laborers because in our country people are not interested in technical education.<\/span><\/p>\n

The government does not set up Industries nor does it encourage private concerns or individuals to set up industries. Here the problem of red-tapism and corruption at various levels become a great hindrance.<\/span><\/p>\n

The government imposes a heavy tax burden on domestic industries. This increases the price of furnished goods.<\/span><\/p>\n

In comparison to China, India is far behind to provide infrastructure facilities like transport facilities, electricity supply, availability of land, etc.<\/span><\/p>\n

The government should work on these problems so that India can also produce products at a cheaper rate. This will strengthen the Indian economy and solve the unemployment problem.<\/span><\/p>\n

The Government of India should concentrate on improving the skills of Indian laborers in the field of manufacturing of electronic goods, small-scale industries like Jute, environment-friendly crackers, etc. Apart from this India seriously needs to work on its infrastructure and efficient use of energy and other natural resources to compete with the cost level and quality of Chinese Products.<\/span><\/p>\n