English

You are aware that cheap Chinese goods are available in the market, for example, toys, electronic goods, clothes, batteries, etc. Do you think that these products are comparable in quality and price

Advertisements
Advertisements

Question

You are aware that cheap Chinese goods are available in the market, for example, toys, electronic goods, clothes, batteries, etc. Do you think that these products are comparable in quality and price with their Indian counterparts? Do they create a threat to our domestic producers? Discuss.

Activity
Advertisements

Solution

  1. Cheap Chinese goods such as toys, electronics, clothes, and batteries are widely available in Indian markets. Many of these products appeal to consumers because they are available at low prices and in a wide variety of options.
  2. In terms of quality and price, some Chinese goods may offer good value for money, especially for consumers looking for inexpensive products. However, quality can vary from product to product, and Indian products may be better in durability or after-sales service in some cases.
  3. Cheap imports can threaten domestic producers, especially small and medium enterprises, because they may struggle to compete with very low-priced imported goods. This can reduce their sales, profits and employment opportunities.
  4. At the same time, competition from imported goods can encourage Indian producers to improve quality, reduce costs, adopt better technology and become more efficient.

Hence, Cheap Chinese goods can benefit consumers through lower prices and greater choice, but excessive dependence on such imports may harm domestic producers. India should therefore strengthen its own manufacturing sector while maintaining fair competition in trade.

shaalaa.com
  Is there an error in this question or solution?
Chapter 8: Comparative Development Experiences of India and Its Neighbours - Exercise [Page 149]

APPEARS IN

NCERT Economics Indian Economic Development [English] Class 12
Chapter 8 Comparative Development Experiences of India and Its Neighbours
Exercise | Q 2. | Page 149
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×