CHINA-INDIA: SALE OF CHINESE GOODS IN INDIA DROPS

The sale of Chinese goods has witnessed a major drop in the run-up to Diwali as about 60% less Chinese products were sold this year. However, Indians still purchased Chinese goods worth about Rs 3,200 crore while items worth Rs 8,000 crore were sold in the country during the Diwali last year, industry body CAIT said in a statement. "The consumers now understand that Chinese goods, though maybe cheaper, have no longer life and therefore does not carry a guarantee ... this festival season has given a big jolt to China," CAIT said. The slip in sales is a testimony to change in the goods purchasing pattern, Praveen Khandelwal, Secretary-General, CAIT, added. With a decline in Chinese items, sales of indigenous products spiked as traders decided to procure items sourced from local manufacturers. A CAIT survey conducted in 21 cities indicated a sharp drop in Chinese items such as gifting, electrical gadgets and other items, fancy lights, kitchenware and appliances, plastic items, idols of Indian Gods, home decoration goods, toys, wall hangings, lamps, home furnishing items, footwear, garments and apparels etc. CAIT said "About 85% of traders agreed that they have witnessed a decline in sales of Chinese products during this Diwali festival. Rest of the 15% traders were of the view that Chinese goods still have a market in India".  







Subscribe to Newswire | Site Map | Email Us
Centre for China Analysis and Strategy, A-50, Second Floor, Vasant Vihar, New Delhi-110057
Tel: 011 41017353
Email: office@ccasindia.org