Indian products are booming in America-Britain, demand Chinese goods, exports also increased...

India Export Market Share : Now not only in the country but also in other countries the power of self-sufficient India is being seen. While India is moving at a breakneck pace, imports are decreasing. Apart from this, by drastically increasing exports, China's dominance is also being reduced. According to a new study, China's manufacturing has been adversely affected by increasing demand for Indian products in the electronics segment of several key sectors.

Rising demand for Indian products hits China

Many global manufacturers and China-based manufacturing companies are refocusing on other supply chains as part of plans to move out of China, leading to an increase in manufacturing speed in India as well as exports. Earlier Chinese products were dominant in America and Britain, but now the demand for Indian products is increasing there. Apart from this, China often has a partial dispute with these two countries, the direct benefit of which is being seen on Indian products.

India will beat China in electronics exports

According to a report by London-based Faythom Financial Consulting , the ratio of China in America and Britain has decreased, while the ratio of India in America has increased to 7.65 percent in November last year, which In November-2021 it was 2.51 percent. That means India's ratio has increased by a whopping 5.14 percent. Talking about Britain, the ratio of India has increased from 4.79 percent to 10 percent. And in the last two years, India's exports to Britain have increased drastically by 5.21 percent.