Govt. decided to restrict the import of Chinese toys and other Chinese goods. Now the end result is that Chinese goods are getting expensive due to shortage of goods available in the market. Because of the non-availability of cheap Chinese products in the market, the consumers are the main losers due Govt.’s protectionist policy.
On the other hand, Indian manufacturers are not ready and willing to give cheap toys and other manufactured items and lacks product innovation. But the Chinese have the expertise in making sophisticated toys and other products like Mobile with a very attractive rate. While our govt. engaged in blame game and also imposing inspector raj, license regime and more taxes on Indian manufacturers. Indian manufacturers are not ready to accept the reality to compete with Chinese products and nothing to offer extra to Indian consumers both cost and quality wise.
In this decision, we the Indian consumers are the biggest losers. I think, we need to lift ban on Chinese goods except eatables. Cartel of Chinese goods importers and sellers are taking advantage of the situation. Indian consumers are staying away from shopping now, even though they are ready and willing to buy Chinese Goods.
Is there any immediate solution from both Indian and Chinese counter part.