Government increases anti-dumping duties to counter unfair exports from China harming key Indian industries
Jammu, May 6 -- The Indian government has ramped up efforts to counter unfair trade practices by levying heavy anti-dumping duties on goods originating from China that are exported at excessively low prices to harm domestic producers. Data shows over one-third of such duties imposed in the last three fiscal years have targeted products manufactured by either a single Indian company or just two producers.
According to investigations, between 2019-2024 imports from China grew substantially from $70 billion to $101 billion. However, exports to China from India saw no corresponding rise, remaining steady at about $16 billion each year. In light of this lopsided trade, authorities have sworn to protect local industries from unfair competition...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.