India's imports of MSME goods from China, including leather articles, toys, and musical instruments, are steadily declining, according to an official statement on Monday. This trend reflects India's efforts to diversify its import sources and boost domestic production.
In contrast, other countries, such as Brazil, are increasing their reliance on Chinese imports for these goods. Data shows a decrease in the proportion of musical instruments imported from China, from 77.58% in 2013 to 51.51% in 2023.
Imports of essential oils, cosmetics, and toilet preparations from China have also dropped from 16.33% in 2013 to 11.86% in 2023. The share of toys and games imported from China has fallen from 76.7% in 2013 to 70.97% in 2023.
The official noted that India's reduction in dependency on Chinese imports for items like leather articles, ceramic products, toys, and musical instruments contrasts with other major markets, where reliance remains steady or is increasing.
This shift indicates India's strategic move to diversify its import sources and strengthen domestic production capabilities.
A report by think tank GTRI on September 1 revealed that rising imports of goods such as umbrellas, toys, certain fabrics, and musical instruments are negatively impacting Indian MSMEs.
GTRI's analysis highlights that China supplies 95.8% of India's umbrellas and sun umbrellas, worth USD 31 million, and 91.9% of artificial flowers and human hair articles, valued at USD 14 million.
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