Indian goods have seen strong export growth in recent years, with exports totaling $318 billion in 2014 and contributing 4% to India's GDP. Top exports include petroleum, precious stones, automobiles, machinery, and pharmaceuticals. Indian manufacturing emphasizes quality control including thorough testing of raw materials, use of skilled engineers and quality equipment, and transparent family-owned factories.
Chinese goods benefit from low labor costs, efficient supply chains, and competitive pricing enabled by mass production. However, utilities and process gases have higher costs in China compared to other countries. Additionally, Chinese products may not last as long as there is no guarantee on the lifespan.
2. INDIAN GOODS
Indian is the fastest growing economy in the world.
According to recent data. In past four year India’s export
amount risen by 44 percent , In 2014 India export all over
318 billion dollars. According to statistical report GDP(gross
domestic product ) has accumulated to more then 7.9 trillion
dollars in this year
export contributed around four percent to India’s gross
economic output during 2014 10 commodities were export
the most and fetched foreign currency for India
1 petroleum product
value :- 61.2 billion dollars
2 precious stones
value :- 41.2 billion dollars
3. 3 Automobiles
Value :- 14.5 billion dollars.
4 machinery
value :- 13.6 billion dollars
5 Bio-Chemicals
value:- 12 billion dollars
6 medicines
value :- 11.7 billion dollars
7 cereals
value :- 10.1 billion dollars
8 Iron and Steels
value :- 9 billion dollars
9 Textiles
value :- 9 billion dollars
10 Electronics
value :- 9 billion dollars
4. WHY INDIAN MANUFACTURING QUALITY IS GOOD
1 Raw Material
Factory in India are sticklers about testing and retesting
and carefully that the raw materials.
2 Engineering Resource
India has engineers, Lots and lots of engineers and
most are bilingual.
3 Quality Equipment
Indian factory as they ownership demands quality
equipment to manufactured their product
4 Quality Measurement Tools
Indian owner in India rely heavily upon world class
measurement tools and machines
6. CHINESE GOODS
1 COST EFFICIENT LABOUR
The nation that china has the world’s lowest paid labour
2 COMMENDABLE SUPPLY CHAIN
Supply chain activity transformation natural resource ,
raw material and component into a finished product that is
delivered to the end of costumes
7. 3 Competitive Pricing.
China can afford to price so competitively
because it does not take on certain costs. Such as
R&D and product innovation ,
4 Mass Productivity & Dumping.
The component or products going into
production really are mass produced at an
aggregate cost and china follows strategy called
dumping
8. ADVANTAGE OF CHINESE GOODS
1 Proximity To Your Customer
Locate to your operation in china is to be close to your
market.
2 Existing customer interested
You may have existing customers encouraging you or
perhaps even demanding that you establish operation there.
3 Attract New Customer
With an operation in china you can also more readily identify
and invite potential new costumer
4 Management To Objects
You may also be receiving encouragement from management
to establish some level of manufacturing in china.
9. DISADVANTAGE OF CHINESE GOODS
1 Utility Process And Gas Cost
A) Electricity :- The cost for electricity is
significant higher in china
B) Natural/ LPG Gas :- Natural gas and LPG
higher cost significantly in china
C) Process Gases :- process gas like nitrogen
and hydrogen are also higher in cost
2 No Guaranty
Chinese product no guaranty to how long work it
is