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Chinese Products cheaper than Indian Goods! Why?
By: Tupaki Desk | 1 Aug 2017 5:09 AM GMT
Chinese Products are cheaper than those Made in India. People might always had the doubt why it is so?
While answering a question in Parliament, Union Minister Haribhai Parthibhai Chaudhary explained low price of Chinese Goods is mainly because of the Opaque Subsidy and distorted factor prices in that country.
Mr.Chaudhary told growth of Micro, Small and Medium Enterprises (MSMEs) depends on various factors like Infrastructure, Quality, Upgradation of Technology and Timely Credit. He informed competition, be it internal/external factors and also from multi-national companies, is also a crucial factor. He pointed out MSMEs aren't able to compete with multi-national firms.
People in other countries prefer buying Chinese Products because of the cost factor. Can Centre take measures to help Indian Goods easily enter foreign markets?
While answering a question in Parliament, Union Minister Haribhai Parthibhai Chaudhary explained low price of Chinese Goods is mainly because of the Opaque Subsidy and distorted factor prices in that country.
Mr.Chaudhary told growth of Micro, Small and Medium Enterprises (MSMEs) depends on various factors like Infrastructure, Quality, Upgradation of Technology and Timely Credit. He informed competition, be it internal/external factors and also from multi-national companies, is also a crucial factor. He pointed out MSMEs aren't able to compete with multi-national firms.
People in other countries prefer buying Chinese Products because of the cost factor. Can Centre take measures to help Indian Goods easily enter foreign markets?
