Table of Contents
Is labor cheaper in China than India?
India’s manufacturing labor is more competitive when compared to China. In 2014, the average cost of manufacturing labor per hour was $. 92 in India and $3.52 in China. Logistics: Newer roads and highways, railways, waterways and airports give China an advantage from a logistics perspective.
Why Chinese toys are cheaper than India?
Chinese toys tend to be cheaper mainly because of their mass production, as well as using substandard raw materials especially targeting markets like India. This encourages mass production and reduces the cost by such an extent that China dominates the Indian market by a vast difference.
Is China’s make in India initiative good for India?
The Make in India initiative was taken to strengthen the Indian industry and promote Indian products. China has a stronger, more secure banking and loaning system, while the same lacks in India. The recent fraud cases of Nirav Modi, Vijay Mallya and others who made a mockery of the Indian banking system proved that.
Why do Chinese products sell better in India than Indian products?
Chinese products in India are especially cheap, compared to our very own Indian products. Thus, Chinese products sell better, as we prefer cheaper alternatives than more costly ones, irrespective of the quality. Why is it that India cannot compete against China by making cheap products?
Why is China so much more powerful than India?
China is geographically stronger, and has abundance of vast material and resources, and the machinery and technology is far more advanced than India. Thus, China is able to use their location to their advantage while India cannot do the same due to lack of technology. We have to rely on other sources, a lot from other countries.
Is China a model for India to copy?
For every authoritarian success story, like China, there are multiple failures like Cuba, Venezuela or North Korea. China got lucky with good leadership. It is an exceptional case, not a model for India and other developing economies to copy.