Chinese imports bully Indian SMEs

Indian Small and Medium Enterprises (SMEs) are caught in a vice-like grip of monumental proportions, if a recent FICCI survey is to be believed. They are up against rising imports from China which are reaching Indian markets at prices lower by 10-70 per cent of their Indian counterparts.

Over two-thirds of the surveyed firms have reported serious injury to their businesses. India has not offered the “market economy” status to China, as there are serious distortions and lack of transparency in the pricing of products that come out of any Chinese factory.

—Dhiman Chattopadhyay