With the US effectively shutting its doors, the fear is that a cornered China will dump even more aggressively and flood other markets. India must brace for impact.
After India removed curbs on using imported solar modules last year, imports of Chinese solar components rose 400% in less than a year. Govt is trying to curb this, to limited effect.
Donald Trump has been vocal about India’s high import tariffs and has threatened retaliation. Simultaneously, his tough stand on China could see Chinese goods flood India.
Sanyal, an economist & member of the Economic Advisory Council to PM, also suggests that if India is to import parts from China, why not allow Chinese companies to manufacture in India.
The European Union has imposed additional tariffs of 17-38% on imported Chinese EVs, which will lead to import duty of up to almost 50%. This could have significant impacts on India.
China accounted for 58% of inflow of 7 items imports of which are now restricted. Move could've been prompted by 'genuine apprehension of a future security risk’, it is learnt.
The decision by the finance ministry aims to protect steel-consuming firms from higher prices even though it could hurt local steel manufacturers, the govt source said.The decision by the finance ministry aims to protect steel-consuming firms from higher prices even though it could hurt local steel manufacturers, the govt source said.
Data reveals that most of rise in imports is on account of 'input goods' or capital goods. Import of electronics, electrical machinery & their parts is up by 37% from last year.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
Refusal to accept ‘dumps’ makes poor Indians to spend much more because of reduced competition, overpriced products. To save a few inefficient businesses, govt makes all Indians suffer. It is painful to know that Mohandas Gandhi made poor Indians burn cheap Western clothes and use costlier Indian clothes. He satisfied is ego by stamping on the stomachs of poor Indians.
Refusal to accept ‘dumps’ makes poor Indians to spend much more because of reduced competition, overpriced products. To save a few inefficient businesses, govt makes all Indians suffer. It is painful to know that Mohandas Gandhi made poor Indians burn cheap Western clothes and use costlier Indian clothes. He satisfied is ego by stamping on the stomachs of poor Indians.