CHINESE TOYS IN INDIA
- Chinese manufacturers learn of an opportunity to export toys to India, where toys are sold at a high price.
- They start exporting plastic toys to India . Buyers in India now have the option of choosing between Indian and Chinese toys.
- Because of the lower prices and new designs , Chinese toys become more popular in the Indian markets.
- Within a year, 70 to 80 percent of toy shops have replaced Indian toys with Chinese toys.
- As a result of trade , Chinese toys come into the Indian markets . In the competition between Indian and Chinese toys, Chinese toys prove better.
- Indian buyers have a greater choice of toys at lower prices . For the Chinese toy makers, this provides an opportunity to expand their business.
- The I ndian toy makers face losses, as their toys are selling much less
