CBSE Class 10 Answered
What will happen if the Government of India
puts heavy tax on import of Chinese toys? Explain any three points.
Asked by Topperlearning User | 03 Jul, 2014, 10:22: AM
Expert Answer
If Government of India puts a heavy ban on the import of Chinese toys then,
- Due to the heavy import duties on the Chinese toys, these toys will become expensive in the Indian markets.
- Chinese toys will no longer remain cheap and therefore their import from China will automatically reduce.
- This will lead to the growth, expansion and prosperity of business among the Indian toy making companies.
Answered by | 03 Jul, 2014, 12:22: PM
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