The Curious Economist

Economic news for students

  • Home
  • Micro News
  • Macro News
  • IGCSE Economics
    • Teaching Resources
    • Key Concepts
    • Revision Questions
  • IB Economics
    • IB Economics Teaching Resources
    • Key Concepts
      • Micro
        • Supply and Demand
        • Market Failure
      • Macro
        • Economic Growth and AS/AD
        • Inflation
        • Unemployment
      • Global Economy
        • International Trade
        • Economic Development
    • Revision
      • Case Studies with Questions
      • Revision Lessons
      • Revision Questions
      • Economics Diagrams
        • Externalities
        • Market Structures
        • Economic Growth (AS/AD)
        • Protectionism
        • Exchange Rates
    • Real World Examples
      • RWEs by Topics
      • Real World Examples Top Trumps
    • Exam Technique
      • Intro to the IA
      • Model 15-Markers
      • IB Economics Paper 3 Exam Technique
  • IB Business Management
    • IB Business Management Teaching Resources
    • Revision Activities for IB Business Management
  • AI for Educators
    • The AI Classroom Chronicles
    • Poe for Educators
    • ChatGpt for Educators
    • Perplexity AI for Educators
    • AI ChatBots
  • About
News Ticker
  • [ April 29, 2025 ] Sugar Tax Shake-Up: UK Plans to Target Milkshakes and Dairy Drinks Economic News
  • [ April 21, 2025 ] China’s Economy Grows 5.4% — But Can It Withstand Trump’s Tariff Tsunami? Economic News
  • [ April 15, 2025 ] U.K. Government Seizes Control of British Steel Plant Economic News
  • [ April 10, 2025 ] U.S. Tariffs on China Surge Past 100% as Trump Escalates Trade War – but why? Economic News
  • [ March 28, 2025 ] Can Defense and Housing Turn the Tide on Sluggish GDP Growth in the UK? Economic News
HomeConsumer and Business BehaviourMade in India’ Rises as ‘Made in China’ Declines on US Retail Shelves

Made in India’ Rises as ‘Made in China’ Declines on US Retail Shelves

November 13, 2023 TheCuriousEconomist Consumer and Business Behaviour, Economic Growth, Economic News, Government Policy, The Global Economy Comments Off on Made in India’ Rises as ‘Made in China’ Declines on US Retail Shelves

The global trade ecosystem is witnessing a seismic shift, with ‘Made in India’ labels becoming increasingly prominent on American shelves, a terrain once dominated by ‘Made in China’ products. This transformation, captured in a comprehensive study by Boston Consulting Group, marks a pivotal moment in international trade dynamics.

From 2018 to 2022, U.S. imports from China have seen a notable decline of 10%, a stark contrast to the 44% surge in imports from India. This shift is not just a story of numbers; it’s a narrative of global events reshaping economic alliances. Trade wars, the far-reaching impact of the COVID-19 pandemic, unpredictable natural disasters, and complex geopolitical maneuvers, including Brexit and the war in Ukraine, have collectively catalyzed this change.

This realignment extends beyond India and China. Mexico and the ASEAN region, encompassing 10 dynamic economies, have also experienced significant growth in their export figures to the U.S., with increases of 18% and 65%, respectively. This trend underscores a broader pattern of diversification in U.S. sourcing strategies, a strategic move away from over-reliance on a single country.

THINK LIKE AN ECONOMIST!

cropped-Logo.png

Q1. Define the term ‘global trade’.

Q2. Explain how external factors like pandemics and trade wars can influence a country’s import patterns.

Q3. Analyse the potential impact of increasing imports from India on the US economy.

Q4. Discuss the broader implications of the shifting global trade dynamics on American consumers.

Click here for the source article

Share this:

  • Tweet
  • CURRENT ACCOUNT
  • exports
  • imports
  • Macroeconomics
  • trade
  • USA
Previous

Melbourne’s Soap Recycling: A Clean Solution to Global Health and Waste

Next

Innovating Against Waste: How TGTG Is Tackling the Global Food Waste Challenge

Related Articles

World trade decreasing at an unprecedented rate
Balance of Payments

Corona and customs: World trade decreasing at an unprecedented rate

July 2, 2020 TheCuriousEconomist Balance of Payments, Economic News, The Global Economy Comments Off on Corona and customs: World trade decreasing at an unprecedented rate

As economies around the world continue their lockdowns and domestic battles against Covid-19, world trade has been declining at an unprecedented rate. According to a report by the Netherlands Bureau for Economic Policy Analysis, the […]

Share this:

  • Tweet
Consumer and Business Behaviour

Swiss Voters Greenlight Global Minimum Tax and Ambitious Climate Law

June 20, 2023 TheCuriousEconomist Consumer and Business Behaviour, Economic Growth, Economic News, Government Policy, The Global Economy Comments Off on Swiss Voters Greenlight Global Minimum Tax and Ambitious Climate Law

Swiss voters have made a significant decision to introduce a global minimum tax on businesses and a climate law targeting zero emissions by 2050. In a national referendum, 79% voted to raise the business tax […]

Share this:

  • Tweet
Curious?

Why Does Trump Want Greenland? The Economics below the Ice

January 23, 2025 TheCuriousEconomist Curious?, Economic News, Macro, The Global Economy Comments Off on Why Does Trump Want Greenland? The Economics below the Ice

Greenland might not seem like a typical focus for the United States, yet it became a surprising headline when former President Donald Trump floated the idea of purchasing the vast Arctic territory. While the suggestion […]

Share this:

  • Tweet

Please follow & like us :)

RSS
Facebook
Facebook
fb-share-icon
Twitter
Visit Us
Follow Me

Recent Posts

  • Sugar Tax Shake-Up: UK Plans to Target Milkshakes and Dairy Drinks
  • China’s Economy Grows 5.4% — But Can It Withstand Trump’s Tariff Tsunami?
  • U.K. Government Seizes Control of British Steel Plant
  • U.S. Tariffs on China Surge Past 100% as Trump Escalates Trade War – but why?
  • Can Defense and Housing Turn the Tide on Sluggish GDP Growth in the UK?
  • PepsiCo Plans $1.95 Billion Poppi Acquisition
  • South Africa Unveils $54.5 Billion Infrastructure Plan to Boost Growth
  • Canada Pulls U.S. Alcohol from Shelves in Retaliation for Trump Tariffs
  • U.S. Economy on Track for Contraction as Spending and Exports Decline
  • India’s Consumer Market Shrinks as Wealth Inequality Deepens

Tags

A-Level aggregate demand AI business behaviour BUSINESSES China Consumer Behaviour CONSUMPTION coronavirus COSTS CURRENT ACCOUNT DEMAND ECONOMIC GROWTH ENVIRONMENT Export externalities FDI fiscal policy gdp GLOBAL ECONOMY Government intervention government policy government spending IGCSE India INFLATION INTEREST RATE investment jobs LABOUR labour market Macroeconomics MARKET FAILURE Microeconomics MONETARY POLICY OIL prices protectionism SDGs SUPPLY Tax trade UK UNEMPLOYMENT USA

Most Read Article

Balance of Payments

Kenya and the US look set to sign a free-trade deal despite Trump’s attacks on global trade

February 7, 2020 Comments Off on Kenya and the US look set to sign a free-trade deal despite Trump’s attacks on global trade

Under President Trump, the US stance towards global trade has become increasingly protectionist, with billions of dollars of tariffs placed on goods from countries all over the world, engagement in a devastating trade war with […]

Share this:

  • Tweet
Economic News

U.K. Government Seizes Control of British Steel Plant

April 15, 2025 Comments Off on U.K. Government Seizes Control of British Steel Plant

It’s a dramatic move—but one the U.K. government believes is essential for national economic security. In an extraordinary step, the government has taken control of British Steel’s Scunthorpe plant under emergency legislation to prevent its […]

Share this:

  • Tweet

SGD News

Economic News

India’s Consumer Market Shrinks as Wealth Inequality Deepens

February 27, 2025 Comments Off on India’s Consumer Market Shrinks as Wealth Inequality Deepens

India’s consumer market is far smaller than its population suggests, with only about 130-140 million people able to spend on non-essential goods, according to a report by Blume Ventures. Despite a population of 1.4 billion, […]

Share this:

  • Tweet

Copyright © 2025 | MH Magazine WordPress Theme by MH Themes