Low Cost of China Imports in The Indian Market? In recent years According to the import export data India has seen an increase in imports from China that are priced much lower than comparable domestic goods or imports from other countries.
Chinese imports now account for around 14% of India’s total imports and range from electronics and machinery to toys and everyday household items.
Several factors enable Chinese manufacturers to keep costs low prices in the Indian market:
- Lower Labor Costs
One of China’s main advantages is the lower labor and manufacturing costs there. Chinese factories pay far lower wages to workers compared to their Indian counterparts.
They are also able to run very large-scale operations with thousands of low-paid workers involved in mass assembly line production. This allows them to achieve greater economies of scale and keep costs lower per unit of output.
- Lower Compliance Costs
China has lower compliance costs in terms of meeting environmental, worker safety and quality standards. While standards have improved over the years, enforcement can still be lax compared to India and developed countries.
Chinese exporters are able to cut corners and save costs by not following stringent regulations. This gives them an edge over Indian companies who have to factor in compliance overheads.
- Generous Export Subsidies
The Chinese government provides a lot of direct and indirect subsidies to boost manufacturing and exports. These include cheap loans, tax breaks, duty waivers etc. which are not accessible to Indian manufacturers.
So Chinese firms can export goods at artificially lower prices that do not reflect their true costs of production. Their loss-making exports are supported by the government subsidies.
- Undervalued Currency
China has long been accused of keeping its currency, the Yuan, deliberately undervalued. An undervalued currency makes China’s exports cheaper and more competitive in global markets compared to other countries.
Maintaining an artificially weak Yuan relative to currencies like the Indian Rupee allows Chinese products to be priced much lower than they would be if the currency reflected economic fundamentals.
- Lower R&D Costs
A significant portion of Chinese manufacturing comprises low-tech items like toys, lighters, basic electronics etc. These are often products whose R&D costs have already been recovered by developed nations that initially launched them.
Since Chinese firms do not have to invest as much in product design, they can keep production costs lower for such goods. Their focus is more on high volume mass production of mature products.
- Advanced Infrastructure
The global trade data shows us that China has invested heavily in creating advanced, large-scale infrastructure like ports, highways, airports and logistics networks that facilitate easy and low-cost transportation of exports.
The overall export ecosystem has greater efficiency compared to India’s creaking infrastructure outside of a few areas, giving China an edge.
- Generous Import Policies
India’s import policies are still relatively restrictive compared to other major economies.
Barriers like customs duties and import quotas apply to many products coming from China and raise their prices for Indian consumers.
On the other hand, China has far more liberal import policies that allow it easy access to key technologies, components and raw materials from around the world.
Seller Information
Please login to view the seller information.
Location
Related Ads
Seller List and Targeted Email List For Your Email Marketing
- 2 weeks ago
- Bangladesh
- 21 Views
How Export Data Can Be Your Secret Weapon
- 3 weeks ago
- Delhi Cantonment, Delhi, India
- 14 Views
Find Latest Import Export Data For Textiles
- 2 months ago
- Mahipalpur, Delhi, India
- 33 Views
Business Consultancy Directory By Yellow Pages
- 4 months ago
- Palakkad City, Kerala, India
- 36 Views
Data Mining Services | Erasmus CAD Solution
- 5 months ago
- Bengaluru - Kalyan Nagar, Karnataka, India
- 55 Views
Find The Accurate Indonesia Export Data with EximPedia
- 6 months ago
- Singapore
- 44 Views
Data Classification Services | Grihasoft
- 7 months ago
- Bengaluru - Krishnarajapuram, Karnataka, India
- 51 Views
Find Local Information of Small Cities in America with Hamlet
- 8 months ago
- California, USA
- 61 Views
For Sale – Established Corporate Services Provider Business in UAE
- 8 months ago
- UAE
- 70 Views
Import Export Trade Data Provider in India | Siomex
- 8 months ago
- Civil Lines, Delhi, India
- 93 Views
Best B2B Lead Generation Services in UK | UK Data Provider
- 9 months ago
- Barrackpur - I, West Bengal, India
- 83 Views
Significance of Import Export Data For Businesses | Siomex
- 10 months ago
- Nehru Place, Delhi, India
- 278 Views
Expand Your Business in Venezuela with Comprehensive Venezuela Import Export Data | Eximpedia
- 11 months ago
- Singapore
- 51 Views
Unlocking Japan’s Import and Export Market with Japan Import Export Data | Eximpedia
- 11 months ago
- Singapore
- 62 Views
Philippines Trade Data | Seair Exim Solutions
- 11 months ago
- Connaught Place, Delhi, India
- 64 Views
Get Accurate Pakistan Customs Data on Eximpedia
- 12 months ago
- Pakistan
- 54 Views
Are You Looking For Pakistan Import Export Data?
- 12 months ago
- Pakistan
- 81 Views
Explore The High Seas with a Bluewater Sailboat
- 12 months ago
- UK
- 70 Views
Data Provider Services For Business in UAE | Dun & Bradstreet (CRIF Gulf)
- 12 months ago
- UAE
- 80 Views
Get Access to The Latest Chile Shipment Data with Eximpedia
- 1 year ago
- Chile
- 104 Views
The Global Import Export System by Siomex
- 1 year ago
- Mumbai - Borivali, Maharashtra, India
- 130 Views
Find World Trade Data By Country Wise | Seair Exim
- 1 year ago
- Delhi Cantonment, Delhi, India
- 69 Views
Country Wise Export Import Data | Eximpedia
- 1 year ago
- Singapore
- 80 Views
Dental 3D Printing Market Report 2023-2035 | Roots Analysis
- 1 year ago
- California, USA
- 98 Views
Are You looking For Rwanda Import Export Data | EximPedia
- 1 year ago
- Rwanda
- 103 Views
Accurate and Up-to-Date Colombia Customs Data | Eximpedia
- 1 year ago
- Colombia
- 97 Views
Get To Know About Paraguay Customs Data | Eximpedia
- 1 year ago
- Paraguay
- 104 Views
Find International Trade Imports and Exports Data | EximPedia
- 1 year ago
- Singapore
- 115 Views
Get Accurate & Up-to-Date Philippines Trade Data
- 1 year ago
- Philippines
- 107 Views
Are you Looking for Philippines Export Data
- 1 year ago
- Philippines
- 167 Views
Get to Know About Export Data Philippines
- 1 year ago
- Philippines
- 100 Views
Airborne Collision Avoidance System | Strategymrc.com
- 1 year ago
- Hyderabad - Secunderabad, Telangana, India
- 143 Views
Get Philippines Export Data – Seair Exim Solutions
- 1 year ago
- Philippines
- 146 Views
Bangladesh Import Data Provider | Eximpedia
- 1 year ago
- Bangladesh
- 120 Views
Best Import Export Data Service Companies
- 1 year ago
- Singapore
- 122 Views
Get Philippines Trade Data | Seair Exim Solutions
- 1 year ago
- Philippines
- 145 Views
International Trade Imports and Exports Data
- 1 year ago
- Singapore
- 131 Views
Generative AI Reports & Trending Startup Reports
- 1 year ago
- Bengaluru - Jayanagar, Karnataka, India
- 103 Views
Get Updated Export Import Trade Data | Eximpedia
- 1 year ago
- Singapore
- 122 Views
Get Free Exports Import Data Demo | ExportImportData.in
- 1 year ago
- Delhi Cantonment, Delhi, India
- 98 Views
Best Data Scraping Services in Delhi, India | SkywebService.com
- 2 years ago
- Hari Nagar, Delhi, India
- 110 Views
Best ODOO Implementation Partner | Technaureus
- 2 years ago
- Kozhikode City, Kerala
- 102 Views
You must be logged in to post a review.