Lets boycott all these greedy SOB's.Demand and supply has got nothing to do with it. Its greed,pure and simple coupled with the ignorance of the general public about the real price of the weapons that the dealers try to sell at inflated prices.Most of them would be begging on the streets if the import ban is revoked.The only ones to benefit from it (the import ban) have been the dealers and the IOF.
Absolutely. The demand and supply scenario which can affect prices is when there is a high demand and a low supply, where the low supply is due to factors affecting the supply chain - viz. raw material shortages, skilled labor shortage, manufacturing capabilities, and such.
In the Indian scenario, the demand is normal (not high by any means) and the supply is/can easily be high enough to meet the normal demand.
None of the factors listed above are in question.
But recognizing the fact that imports aren't allowed, and the fact that private companies can't/don't setup shop in the firearms industry, the IOF takes advantage and charges such ridiculous prices for such POS products.
Price of a .22 revolver by a reputable manufactuer in the US - approx. $300-$400
Materials that go into its manufacturing - cost in US same or more than in India for material of exactly similar quality
Labor - Cost of skilled labor, higher in US than India - for comparable skill levels
Machinery - same or more in US.
Everything that goes into making a gun is more expensive in the US. In this day and age, it is not difficult to find in India, the infrastructure and skill that is needed for gun making.
But the IOF and dealers still charge such ridiculous prices for guns.
Why? - Because they can.
