Impact of Chinese Goods on Our Economy

Yes, the Chinese goods hold in invaded almost all the sectors of Indian grocery store and seem to be bringing tougher times for the Indian Industry. Because of coarse availability of cheap and app bently technologically advanced Chinese goods, many an(prenominal) economists fear dec store of local manufacturing units or the small-scale industry in India. The rise in demand and sudden popularity of Chinese products, which ar available at cheaper prices, is giving nightmares to the Indian industry to the extent that they make started sticking Made in china stickers on their products to boost their sales. Chinese manufacturing units produce goods on a large scale. They are using the big Indian market merely to turd their products and by doing so they are killing the Indian units. For example delay year during Diwali, china made nutlike were sold in the Indian market. These chapped reportedly contained Sulphur. Sulphur is more harmful than Nitrate, which is used in I ndia to make crackers. Since the Chinese crackers were cheaper than the Indian crackers, so they managed to line gullible and largely illiterate Indian lot. As a result the Indian cracker industry saw a decline in the revenue. China is our major competitor in sectors like software, hardware, electronics etc.

We should not allow China to dump their wasted produce here. The small-scale industry (SSI) contributes 35-40 per cent to the summarise manufacturing in India. So it is the SSI, which suffers most because of Chinese goods. For instance, data reveals that 60 per cent of the industrial units in the industr ial belts of Thane and Bhivandi near Mumbai ! have been unappealing d avow. Many small-scale Indian companies have stopped manufacturing their own goods as now they import them from China. Thats why many Indian workers have lost their jobs. This shows that the object of SSIs of providing employment to the arcadian youth of India is defeated completely. In the last one hug drug Chinese labour has substantial the skills of...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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