The impact of the ongoing power crisis in China has started showing on the Indian markets. Rates of parts, electronics items, gadgets and toys have become costlier by 20 to 40 percent. Traders say that goods coming from China are now delayed for up to a month. The rate on orders has also gone up by 10 percent. Due to this, goods are being sold in the market by 20 to 40 percent.
Parts of machines are getting expensive
Arun Sharma, president of the Ghaziabad Industrial Association, says that China’s power crisis has no special effect on industries. Yes, it is definitely that the parts of machines imported from China are getting expensive. Since many factories there have been closed. At the same time, raw material of other goods like medicine is getting costlier by 10 percent, due to which the production cost is increasing.
20% jump in mobile phone parts
Businessman Deepak Kumar says that till 3 months ago computers, laptops and related parts coming from China were easily available on a single order. Having trouble finding it now. He told that the laptop which used to come in 30 to 35 thousand rupees earlier, is now getting costlier by 5 thousand rupees.
The battery of UPS has increased from 600 to 800, laptop screen from 3500 to 5000 rupees, Mother board from 6000 to 7500 rupees. Similarly, there has been an increase of 20 percent in the parts of mobile phones. If expensive goods are found, then traders have to sell expensive. Due to this business has declined.
Now toys have also become expensive
Vinod Kumar Naval, who does electronics business in Navyug Market, says that earlier people used to book electronics items geysers, washing machines and other items on Navratri. Now the season is beating due to inflation of 20 to 35 percent in these items.
Parts of Chinese domestic items are not even available. Due to this the customers are upset and the shopkeeper is also suffering. A Chinese car which used to get a good Rs 200 to 500 is also getting 10 to 15 percent more expensive. Chinese fancy electronics items have not yet arrived on Diwali, which people often use for gift giving or home decoration.