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Imports of goods like umbrellas, musical items from China hurting Indian MSMEs: GTRI

By Economic Times - 2 months ago
The GTRI data analysis stated that China supplies 95.8 per cent of India's umbrellas and sun umbrellas (USD 31 million) and 91.9 per cent of artificial flowers and human hair articles (USD 14 million). Additionally, glassware (USD 521.7 million, 59.7 per cent), leather articles including saddlery and handbags (USD 120.9 million, 54.3 per cent), and toys (USD 120.2 million, 52.5 per cent) are seeing a similar trend, severely impacting domestic manufacturers, it said.

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