Chinese Goods: Light and most of the gift items from China are still in demand

These days there is a lot of Chinese gift items in the Chinese Goods market. According to data from the Confederation of All India Traders, this year's Diwali shopping is expected to fetch Rs 2.5 lakh crore in the retail market. 

Despite every effort to adopt and spread the goods made in the country, China's dominance is still visible in the festive season. From the lights used to decorate the houses, most of the gift items are seen to be made in China. The figures of the Ministry of Commerce and Industry are also giving witness to this fact. 

However, experts also say that the imports from China will make a difference once the implementation of the Production Linked Incentive (PLI) announced by the government to start large-scale production of LED lights in India. 

India becomes exporter of mobile phones

After the implementation of the PLI scheme related to mobile phone manufacturing, India has become a big exporter from a big importer of mobile phones. According to the ministry's data, in August this year, $7.2 million of LED lights and lamps were imported from China, which is 70 percent more than in August last year. 

Increase in Chinese imports 

According to traders, since Navratri started from the end of September, the items used for Diwali were mainly imported in July-August. That's why in April-August this year, there was an increase of 28 percent in imports from China compared to the same period last year, while in August this year, there was an increase of 45 percent in imports from China. 

Chinese stuffs are still in demand

According to the data, imports of small items such as garlands, gift boxes, candle stands, candles, blow lamps, gift bags used on Diwali from China registered a growth of 143.67 percent in August this year. 

According to the estimates of CAT, 50 million gifts are exchanged from small to big during the Diwali festival. This time after the last two years, Diwali is being celebrated openly across the country, due to which tremendous enthusiasm is being seen in the market. That's why during Navratri, there is an increase of more than 50 percent in the sales of two-wheelers to passenger vehicles and commercial vehicles last month compared to last year. 

How will China's dominance decrease?

Traders said that such imports from China will come down only when production of low-cost gift items and lighting starts in India like China. According to traders, people who are able to pay higher prices prefer products made in India in purchase, but majority of the lower income group give more priority to the price when shopping. 

Total imports from china

$ 43973 million in April-August this year, $ 3417 million in April-August last year, an increase of 28 percent.

$941 million in August this year, $6493 million in August last year, 45 percent increase. 

Major Items Imported from China

Item Aug 22 Aug 21

LED Light Lamp $72.3 million $42.4 million

Gift Items $ 19.7 million $ 81,000

Footwear 37 Crore 1.4 Crore

Plastic items 48.8 cr 25.1 cr.