As a wide range of cheap Chinese products flooded the Indian market, some local industries were adversely affected, while others benefitted by using these products as raw materials. Discuss the advantages and disadvantages of allowing Chinese products into India. Providing trade data, give examples of industries that benefit and those that are affected by Chinese imports. How can the Indian industries that are threatened by cheap Chinese imports deal with the threat?"""
As a wide range of cheap Chinese products flooded the Indian market, some local industries were adversely affected, while others benefited by using these products as raw materials
The Chinese are exporting to India a wide range of low-cost consumer goods that have a mass market in India such as kitchen-ware, textiles, electronic items, furniture, toys, cosmetics, footwear and accessories. In fact in the last four years, there has been a deluge of cheap imports
from China tyres, bicycles, watches and clocks, toys, plastics and dyes, and bulk drugs
In the very near future Indian scooter and motorcycle manufacturers are going to face
stiff competition from the Chinese. The sector that will be worst hit will be the smallscale
sector. The Chinese export import corporations are financially stronger, have more
efficient processes and turn out goods at extreme ...more
Well.. Even i m searching for the same..
I ve found something like this:
Advantages: (1) Cheaper price benefits the consumer (2) Cheaper raw materials are beneficial for industries (3) Importer and trader makes money by selling goods. (4) Import business leads to some employment generation (5) Government collects tax by way of customs duty. (6) It may lead to competition which in turn may lead to better quality products.
Disadvantages: (1) Cheap imported Chinese products kill competition and local small scale industries suffer. Sometimes, may close down. (2) Closure of local industries due to Chinese imported goods, may lead to unemployment. (3) It may also lead to loss of revenue due to the closure of local industries. (4) Closure of local industries may also lead to social unrest arising out of unemployment of staff and employees. (5) Cheaper goods means cheap quality and consumers may suffer on ...more
disadvantages- many,,, very poor quality, no service,