In the recent years China has been importing steel from India .Explain how will the import of steel affect -rn
a.) Steel companies in Indiarn
b.) Steel companies in Chinarn
c.) Other industries buying steel for the production of other industrial goods in china
a)Steel companies in china will have problems and their sales will decrease and also might suffer a great loss.
b)Steel companies in India will get more profit and income of foreign exchange. and rise in GDP and development
c)Industries will have to pay higher price for getting steel in china
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