Can India afford to manufacture products and Boycott / Ban China Products??
TODAY, maximum Indians are using "Made in China"products. China Market is manufacturing almost all categories of products from children toys to bigger machine. In market analysis it is found that most of CHINA products are sold in INDIA.
Why are people buying "Made in China" products??
Because China Products are cheaper.
Why India can't do production in cheaper manufacture cost???
What are the Reasons for manufacturing cheaper products in China:
- Cheaper Labor Cost
- High Productivity growth compare to "Big Economy" Countries : Reason of high Productivity growth is that China use raw materials from their own country. (Eg.their electric components).
- Can afford Low Competitive Pricing : China don't spend on Product's Innovation and R&D. Why? : Because it usually make products which are already made. So they spend only on Manufacturing. Also they mostly copy the new products which are launching in the market. So that means they make most of the duplicate products.
- To sell the products they use the dumping strategy: That means they export maximum products to other countries and tag a price lesser than the local market. This allows them to "capture" or "break" the market.
What should India do??
- Form Simple Commercial Rules.
- Improve in Manufacturing and Agricultural sectors
- Provide training in new skills to your labors
- Plan new strategy for Export system
- First of all stop buying China products.
☺☺☺☺☺☺☺☺☺☺☺☺
Start manufacturing products in India, there will be growth in economy.
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BUT
Is it easy to Manufacture???
Is Government support available???
<<<<Too Many Questions>>>>
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