Home  >>  News  >>  Chinese Imports Threaten Indian MSMEs, Raising Concerns Over Economic Sovereignty
Chinese Imports Threaten Indian MSMEs, Raising Concerns Over Economic Sovereignty

Chinese Imports Threaten Indian MSMEs, Raising Concerns Over Economic Sovereignty

Indian MSMEs are struggling as Chinese imports increasingly dominate the domestic market. According to a Global Trade Research Initiative (GTRI) report, over 90% of umbrellas, artificial flowers, and human hair products in India are sourced from China.

In categories like glassware, leather, and toys, China holds more than 50% of the market. Even traditional sectors like ceramics and musical instruments are affected, with Chinese goods taking over half the market share. From January to June 2024, India faced a $41.9 billion trade deficit with China, highlighting the growing reliance on imported industrial goods.

Trending News