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Why Chinese Goods are Cheaper? Here is what the Govt Says

The minister said that the survival and growth of micro, small and medium enterprises (MSMEs) depends on a number of factors like availability of timely credit, upgradation of technology, infrastructure, access to market, quality of products, etc.

PTI

Updated:July 31, 2017, 9:07 PM IST
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Why Chinese Goods are Cheaper? Here is what the Govt Says
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New Delhi: Chinese products are cheaper than Indian goods because of the opaque subsidy regime prevailing in China, the government said on Monday in Parliament.

"The products manufactured in China are reportedly of lower price mainly because of their opaque subsidy regime and distorted factor prices," Minister of State for MSME, Haribhai Parthibhai Chaudhary said in a written reply in the Lok Sabha.

He was replying to a question which sought to know the reasons behind the higher prices of domestic products in comparison to the products manufactured in China.

The minister said that the survival and growth of micro, small and medium enterprises (MSMEs) depends on a number of factors like availability of timely credit, upgradation of technology, infrastructure, access to market, quality of products, etc.

"Competition from internal and external sources including competition from multinational companies is also one of the factors," Chaudhary said in a reply to another question on whether Indian MSMEs are reportedly lagging behind due to availability of the products of multinational companies.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Ananya Chakraborty
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