Give one advantage to China and disadvantage to India with import of Chinese toys.
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Advantages of Chinese products in India: The prices of Chinese goods are about 10-70% lower than that of 'Indian goods'. Chinese goods are capturing the different segments of the Indian market like the garment industry, electronic goods, textile, toys, medicines, car components and more.
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Advantage- Toys are now cheaper in market and people even now have a choice between toys
Disadvantage- Indian toy makers are not able to sell their product and they faced a lot of losses
Disadvantage- Indian toy makers are not able to sell their product and they faced a lot of losses
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