The impact China has made through product exports in recent times is phenomenal. World over Chinese made products rule the roost. Most of the popularity lies in countries like Pakistan, Australia, India, Canada, USA and Europe. For many countries China is the main trading partner.
Mass production is the key to this phenomena and the cost matters as well. Hence both factors impel these countries to import. It is a fair game and any country that fulfills these two factors can export in large quantities. But the buck does not stop here quality and precision matters as well.
Hence rapidly gained markets are fast dwindling as users realize the imperfect products they land up with. Like in India we have experienced the low reliability of many imports from China. Many products have failed quality tests pushing consumers away.
The Make in India initiative should propel manufacturing in India that is the objective. Will the country be able to achieve excellence in manufacturing and challenge the leader? Well time will tell.
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