ACs, refrigerators, washing machines to get costlier, import duty hiked on over 19 items
6 years, 3 months ago

ACs, refrigerators, washing machines to get costlier, import duty hiked on over 19 items

Live Mint  

New Delhi: The government on Wednesday raised import duties on 19 non-essential items, including refrigerators, air conditioners, jewellery, diamonds and jet fuel, accounting for annual imports worth ₹ 86,000 crore, to arrest a widening current account deficit and a weakening rupee. The imposition of a 5% import duty on jet fuel is, however, unlikely to increase air fare as India mostly imports crude oil and refines jet fuel locally. Earlier this month, while announcing a slew of measures to increase capital inflows and check rupee volatility, finance minister Arun Jaitley said a broad policy decision had been made to cut non-essential imports and boost exports, against the backdrop of the CAD touching 2.4% in the June quarter. Many of the electronic items have zero customs duty under the World Trade Organization’s first Information Technology Agreement, which limits the government’s ability to raise tariffs although imports of such items have been rising significantly.

India Imports Jet Fuel Import Import Duty  duties  machines  hiked  india  duty  fuel  costlier  19  imports  washing  items  refrigerators  jet  increase  import  acs  gold

History of this topic

India may tweak customs duties, regulations in budget to back local component manufacturing, ease trade
59 minutes ago

India may tweak customs duties, regulations in budget to back local component manufacturing, ease trade

Live Mint  

New Delhi: The government may rework and simplify customs duties and procedures in select sectors in the Union budget for FY26 to make it attractive for manufacturers of finished goods to also produce components or semi-finished goods, according to two people familiar with the matter. Calibrating customs tariffs to improve the viability of investments in finished products and the intermediate …

Budget could levy higher import duties to contain dollar demand, stem rupee slide: EY’s Srivastava
2 hours, 8 minutes ago

Budget could levy higher import duties to contain dollar demand, stem rupee slide: EY’s Srivastava

Live Mint  

New Delhi, Jan 15 The government, in the forthcoming Budget, could consider levying higher tariffs on imports to check the significant decline in rupee value witnessed in the past few months, said EY Chief Policy Advisor DK Srivastava. The noted economist argued that higher import duties would curb the demand for dollars from importers and help arrest the sliding value …

Reduce customs duty slabs to 5; simplify structure to boost mfg, exports:GTRI to Govt
1 day, 22 hours ago

Reduce customs duty slabs to 5; simplify structure to boost mfg, exports:GTRI to Govt

Live Mint  

New Delhi, Jan 13 The government should simplify the customs duty structure by reducing slabs from over 40 to 5, and ensure that raw materials are taxed lower than finished goods in the forthcoming Budget to cut import bills, boost manufacturing and exports, think tank GTRI said on Monday. Suggesting lowering India's average tariff to about 10 per cent, the …

India Admits Gold Data Error That Pushed Trade Gap to Record
5 days, 1 hour ago

India Admits Gold Data Error That Pushed Trade Gap to Record

Live Mint  

-- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. India’s government acknowledged it miscalculated import figures for precious metals for months, an error that pushed the trade deficit to a record in November and caused the rupee to plunge to an all-time low. The Ministry of Commerce and Industry said …

Government revises November gold import figures from $14.8 billion to $9.9 billion
6 days, 7 hours ago

Government revises November gold import figures from $14.8 billion to $9.9 billion

New Indian Express  

NEW DELHI: The sharp jump in November merchandise trade deficit was because of a clerical error. The Directorate General of Commercial Intelligence and Statistics on Wednesday revised India’s gold import figure for November 2024 from $14.8 billion to $9.9 billion—a decline of 33%. The November goods trade deficit rose to an all-time high of $37.8 billion due a massive year-on-year …

Gold googly bamboozles import data
6 days, 13 hours ago

Gold googly bamboozles import data

The Hindu  

In what may constitute the steepest revision in India’s trade data in recent times, the Centre has revised India’s import bill for November 2024 by almost six billion dollars to $63.86 billion from the record tally of $70 billion reported as quick estimates by the Commerce Ministry last month, led by a sharp $5 billion downward revision in gold imports. …

$5 billion shock! India makes largest-ever revision to gold import estimates for November
Trending News
6 days, 23 hours ago

$5 billion shock! India makes largest-ever revision to gold import estimates for November

Live Mint  

India has slashed its November gold import estimates by an unprecedented $5 billion, the largest revision for any commodity in history, after errors in preliminary calculations inflated the figure to a record, government data showed on Wednesday. New Delhi reported last month that its gold imports urged to a record high of $14.8 billion in November, more than doubling from …

Mint Primer: How India’s trade gap soared, and how it might hurt
3 weeks, 5 days ago

Mint Primer: How India’s trade gap soared, and how it might hurt

Live Mint  

India’s gold imports jumped fourfold to nearly $15 billion in November, powering a 27% surge in goods imports. Prominent drivers of the trade deficit were higher gold imports and falling realizations from petroleum exports. Gold imports touched $14.86 billion, a fourfold increase from $3.44 billion in November 2023, driven by higher volumes, likely fuelled by festive and wedding season demand. …

India’s record gold import said to be due to calculation error
3 weeks, 6 days ago

India’s record gold import said to be due to calculation error

Deccan Chronicle  

A surge in gold imports that widened India’s trade deficit to a record last month and pushed the rupee to an all-time low was due to an error in calculation, according to people with knowledge of the matter.Officials double-counted gold shipments in warehouses following a change in methodology in July, the people said, asking not to be identified ahead of …

Rahul slams government over trade deficit touching all-time high
4 weeks ago

Rahul slams government over trade deficit touching all-time high

The Hindu  

Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation. "Result: Weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation," he …

Rahul slams govt over trade deficit touching all-time high
4 weeks ago

Rahul slams govt over trade deficit touching all-time high

Deccan Chronicle  

New Delhi: Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation.Tagging a media report which said that trade deficit and imports are at an all-time high, Gandhi hit …

Trade shocker: On November’s trade estimates
Trending News
4 weeks ago

Trade shocker: On November’s trade estimates

The Hindu  

This October’s foreign trade numbers had offered a sliver of hope for India’s generally weak export story over the past couple of years, as goods exports grew at a 28-month high pace of 17.2%. As in August, November’s import bill spike was led by gold imports that jumped 331.5% from last November to a whopping $14.9 billion. Gems and jewellery …

India's Gold Imports Surge 132% in November
Trending News
4 weeks ago

India's Gold Imports Surge 132% in November

Deccan Chronicle  

Chennai: Gold imports went up 132 per cent in volume terms to 130 tonnes in the month of November. Gold imports in volume terms went up 132 per cent to 130 tonnes in November against 56 tonnes in the same month last year. Silver imports between January and November stood at 7500 tonnes, which was 121 per cent higher than …

India's gold imports to plunge in December after record November
4 weeks ago

India's gold imports to plunge in December after record November

Deccan Chronicle  

India's gold imports are poised for a sharp slowdown in December following record purchases in November, in the absence of any major festival and as rebounding prices prompt buyers to delay purchases, trade and government officials said.Lower imports by India, the world's second-biggest consumer of the precious metal, could cap a rally in global prices that hit a record high …

Trade deficit at a record $38bn as gold imports rise
Top News
4 weeks, 1 day ago

Trade deficit at a record $38bn as gold imports rise

Hindustan Times  

India’s merchandise trade deficit widened to a record $37.84 billion in November, driven primarily by surging gold imports and falling exports, a trend experts said threatens to add pressure on the rupee which is already strained by three months of portfolio outflows. Imports, however, surged by 27% to $69.95 billion compared to $55.06 billion in November 2023, mainly due to …

India’s imports rises to 27%, touches to record high of almost $70 billion
4 weeks, 1 day ago

India’s imports rises to 27%, touches to record high of almost $70 billion

The Hindu  

India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. This is the third time in four months that India’s import bill has hit a record high, but November’s tally surpasses the last two occasions by a wide …

India’s goods trade deficit widens to $27 billion in October
Trending News
2 months ago

India’s goods trade deficit widens to $27 billion in October

Live Mint  

New Delhi: India’s merchandise trade deficit widened to a two-month high in October, driven by a rise in imports, data released by the commerce ministry on Thursday showed. The goods trade deficit—the difference between exports and imports—stood at $27.14 billion in October, up from $20.78 billion in September. The overall trade deficit, including both services and merchandise, fell to $10.12 …

India imposes up to $557 per tonne anti-dumping duty on chemical imports from China, Korea, Thailand
2 months ago

India imposes up to $557 per tonne anti-dumping duty on chemical imports from China, Korea, Thailand

Firstpost  

The duty was imposed as the chemical – Epichlorohydrin – was exported to India from these countries at below-normal prices. India has imposed anti-dumping duties of up to $557 per tonne on imports of Epichlorohydrin from China, South Korea, and Thailand for five years, as part of a measure to safeguard its domestic adhesive industry. The decision follows an investigation …

How India can fix the Chinese imports problem
3 months, 1 week ago

How India can fix the Chinese imports problem

Live Mint  

India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. Read this | Mint Primer | China’s stimulus: What it spells for India & the world A growing economy like India’s naturally requires more imports to meet rising consumption and manufacturing demand, with cost …

Is the spike in India’s trade deficit a worry?
3 months, 3 weeks ago

Is the spike in India’s trade deficit a worry?

The Hindu  

The story so far: After a positive start to goods exports in the first quarter of 2024-25, there has been a blip in momentum. On the exports front, 18 of India’s top 30 segments recorded growth in July and 19 in August, but the big-ticket sectors like petroleum, and gems and jewellery, have tanked significantly. While gems and jewellery exports …

August’s record gold influx lifts import bill to all-time high
3 months, 4 weeks ago

August’s record gold influx lifts import bill to all-time high

The Hindu  

India’s goods exports shrank 9.32% to $34.71 billion in August, while the import bill expanded 3.3% to an all-time high of $64.36 billion, fuelled by a doubling in gold imports to a record $10.1 billion. On the surge in gold imports, the top trade official pointed to plausible factors such as the recent reduction in import duty from 15% to …

India's silver imports to double on demand for solar, investment
4 months, 3 weeks ago

India's silver imports to double on demand for solar, investment

Hindustan Times  

By Rajendra Jadhav and Sherin Elizabeth Varghese India's silver imports to double on demand for solar, investment BENGALURU, - India's silver imports are on course to nearly double this year due to rising demand from solar panel and electronics makers, and as investors bet the metal will give better returns than gold, leading importers said on Friday. This year's purchases …

Exports slip to 8-month low in July, deficit widens 23.7%
5 months ago

Exports slip to 8-month low in July, deficit widens 23.7%

The Hindu  

Breaking a three-month streak of positive growth, India’s goods exports contracted 1.5% in July to $33.98 billion, the lowest in eight months, even as the import bill rose 7.5% to $57.5 billion, widening the trade deficit by a sharp 23.7% in the month to $23.5 billion. Sequentially, exports dropped 3.5% from June, while imports grew 2.3%, leading to an almost …

India’s Trade Deficit Widens to $23.5B in July
5 months ago

India’s Trade Deficit Widens to $23.5B in July

Deccan Chronicle  

Chennai: India's trade deficit widened to $23.50 billion in July as exports dipped 1.4 per cent and imports grew 7.5 per cent. However, combined exports of merchandise and services registered a growth of 2.8 per cent and the ministry expects this year’s combined exports to be higher than last year’s. Merchandise exports in July this year dipped by 1.4 per …

Customs duty cuts across sectors: Experts predict rise in consumer confidence and spending
5 months, 3 weeks ago

Customs duty cuts across sectors: Experts predict rise in consumer confidence and spending

Deccan Chronicle  

Tirupati: Finance minister Nirmala Sitharaman's Union Budget 2024-25 on Tuesday has set the stage for significant shifts in consumer spending patterns and market dynamics. She announced a reduction in basic customs duty on mobile phones, mobile printed circuit board assembly and mobile chargers from 20 per cent to 15 per cent. This would boost domestic manufacturing, reduce import dependence and …

Gold prices slip after Nirmala Sitharaman announces import duties cut in Budget
5 months, 3 weeks ago

Gold prices slip after Nirmala Sitharaman announces import duties cut in Budget

Hindustan Times  

Finance minister Nirmala Sitharaman on Tuesday announced a cut in import duties on precious metals gold and silver from 15 per cent to 6 per cent. Finance minister Nirmala Sitharaman on Tuesday announced a cut in import duties on precious metals gold and silver from 15 per cent to 6 per cent After the government's announcement, shares of gold and …

Gold Rate, Budget 2024: Jewellery stocks surge after government cuts basic custom duty on gold, silver
5 months, 3 weeks ago

Gold Rate, Budget 2024: Jewellery stocks surge after government cuts basic custom duty on gold, silver

The Hindu  

Shares of gold and jewellery retailers surged on July 23 after Finance Minister Nirmala Sitharaman said the government will reduce the basic customs duty on the yellow metal and silver to 6%. In addition, shares of Titan Company climbed 3.66% to ₹3,371.65 per piece, Tribhovandas Bhimhji Zaveri rose 2.79% to ₹140.20, and Kalyan Jewellers India gained 1.54% to ₹537.05 apiece …

Govt should rationalise customs duty in budget to boost domestic manufacturing: Industry body
5 months, 4 weeks ago

Govt should rationalise customs duty in budget to boost domestic manufacturing: Industry body

New Indian Express  

New Delhi:The Indian Chamber of Commerce has suggested the government to rationalise customs duties in various sectors including steel, solar battery, aluminum, and lithium cells in a bid to boost domestic manufacturing. ICC President Ameya Prabhu said protective measures are needed for the growth of domestic industry in sectors including steel, solar battery, aluminum, and lithium cells. Huge potential is …

Reduce tariffs on manufacturing inputs for electronics: ICEA
6 months, 1 week ago

Reduce tariffs on manufacturing inputs for electronics: ICEA

The Hindu  

The Indian Cellular & Electronics Association, which represents domestic electronics manufacturers, called on Tuesday for a reduction of import duties as a key Union budget demand. Pankaj Mohindroo, the ICEA’s President, argued against the relatively high tariffs India imposes on manufacturing inputs — China and Vietnam’s tariffs apply on fewer components and are of lower rates — saying that domestic …

Gold, silver import surges 210% in 2023-24 from UAE; need duty revision in FTA: GTRI
6 months, 4 weeks ago

Gold, silver import surges 210% in 2023-24 from UAE; need duty revision in FTA: GTRI

The Hindu  

“India’s gold and silver imports from its free trade agreement partner UAE have skyrocketed 210% to $10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge,” a report said on June 17. Economic think tank Global Trade Research Initiative said this sharp rise …

200% import duty on Pakistani products killed neighbour's economy
7 months, 3 weeks ago

200% import duty on Pakistani products killed neighbour's economy

Op India  

On 17th May, Pakistan’s Foreign Minister Ishaq Dar acknowledged that the trade ties with India went south after the Pulwama terrorist attack on 14th February 2019 in which India lost 40 brave soldiers. Upon withdrawal, basic customs duty on all goods exported from Pakistan to India has been raised to 200% with immediate effect.” India has withdrawn MFN status to …

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise
9 months, 4 weeks ago

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise

New Indian Express  

NEW DELHI: India’s trade deficit increased to $18.71 billion in February from $17.49 billion in January, with imports exceeding exports, amid red sea crisis, as per recent official data. Goods imports surged to $60.11 billion in February from $54.41 billion in January, while exports increased to $41.40 billion from $36.92 billion. Goods exports grew by 11.86% compared to $37.01 billion …

The hike in import duties for gold, silver findings | Explained
11 months, 1 week ago

The hike in import duties for gold, silver findings | Explained

The Hindu  

The story so far: In a move towards standardisation and preventing the circumvention of duty, the Finance Ministry on Tuesday hiked import duties on gold and silver findings and coins of precious metal to 15%. As observed in the Ministry of Commerce’s Trade Stat database, import of unwrought gold and/or gold in semi-manufactured form in October 2023 rose 95.41% on …

FinMin Raises Import Duties On Gold, Silver Findings, Coins Of Precious Metals To 15%
11 months, 3 weeks ago

FinMin Raises Import Duties On Gold, Silver Findings, Coins Of Precious Metals To 15%

News 18  

The Finance Ministry has hiked import duties on gold and silver findings and coins of precious metals to 15 per cent from the existing 10 per cent. Import duty on gold and silver findings and coins of precious metals will now be 15 per cent. This includes Basic Custom Duty of 10 per cent and 5 per cent of AIDC, …

Import duty on gold, silver findings and precious metal coins increased to 15%
11 months, 3 weeks ago

Import duty on gold, silver findings and precious metal coins increased to 15%

Live Mint  

The government has increased import duty on gold and silver findings and coins of precious metals coins to 15 percent from 11 percent, starting from January 22, as per a Reuters report. An official notification has stated that there will be a 10 percent Basic Custom Duty and a 5 percent Agriculture Infrastructure Development Cess on certain imports. Track | …

Government to consider correcting inverted duty structure in key sectors
1 year ago

Government to consider correcting inverted duty structure in key sectors

Live Mint  

New Delhi: The Centre will likely address the inverted duty structure affecting domestic manufacturing in key sectors such as textiles, leather, and engineering goods in the upcoming budget, two people aware of the matter told Mint. The finance ministry will likely consult federal think tank Niti Aayog, which is examining tax issues including the inverted duty structure in the engineering, …

Deceptive signals: The Hindu Editorial on India’s October 2023 goods exports numbers
1 year, 1 month ago

Deceptive signals: The Hindu Editorial on India’s October 2023 goods exports numbers

The Hindu  

Last month, India’s goods exports recorded only their second uptick this financial year, with a 6.2% rise. Merchandise imports grew a sharper 12.3% over last October and nearly 21% over September’s tally to hit an all-time high of $65.03 billion. The Finance Ministry’s monthly economic review asserted that merchandise exports “surprised on the upside” with the highest growth in 11 …

Trade deficit eases as imports plunge
1 year, 3 months ago

Trade deficit eases as imports plunge

Live Mint  

India’s trade deficit narrowed in September as imports plunged and exports continued to slide amid slowing demand in the West and China. Goods exports slipped marginally by 2.59% to $34.47 billion compared to $35.39 billion in September 2022, while imports fell a steeper 15% to $53.84 billion against $63.37 billion a year earlier. “India’s merchandise trade deficit compressed considerably to …

India’s goods trade deficit hits a 10-month high
1 year, 3 months ago

India’s goods trade deficit hits a 10-month high

The Hindu  

India’s foreign trade hit a fresh trough in August, with goods exports shrinking for the seventh successive month, services exports estimated to have dropped for the first time in well over a year, and the goods trade deficit hitting a 10-month high. The merchandise import bill for August dropped 5.23% year-on-year to $58.64 billion, but was 10.85% higher than July’s …

India imposes import curbs on laptops, tablets, PCs to boost local manufacturing
1 year, 5 months ago

India imposes import curbs on laptops, tablets, PCs to boost local manufacturing

Deccan Chronicle  

New Delhi: The government on Thursday imposed import restrictions on laptops, tablets, and certain type of computers with immediate effect, a move that will curtail inbound shipments of these goods from countries like China and boost domestic manufacturing. “Import of laptops, tablets, all-in-one personal computers, and ultra small form factor computers, servers. “Exemption from import licensing requirements is provided for …

India imposes import restrictions on certain gold jewellery, articles due to THIS reason
1 year, 6 months ago

India imposes import restrictions on certain gold jewellery, articles due to THIS reason

India TV News  

The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Imports of pearls, precious and semi-precious stones dipped by 25.36 per cent to about USD 4 billion during April-May this fiscal. Overall merchandise imports during April-May this fiscal declined 10.24 per …

After PM Modi's US visit, India to scrap retaliatory customs duties on these products
1 year, 6 months ago

After PM Modi's US visit, India to scrap retaliatory customs duties on these products

Hindustan Times  

India will remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's measure to increase tariffs on certain steel and aluminium products, government sources said. During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination of six WTO disputes and the …

India to remove additional customs duties on eight US products
1 year, 6 months ago

India to remove additional customs duties on eight US products

India TV News  

India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said. India, US agree to end six trade disputes The two countries …

India FY23 exports defy global turmoil to hit record high
1 year, 9 months ago

India FY23 exports defy global turmoil to hit record high

Live Mint  

In a year of uncertainties worldwide, India exported a record $447 billion worth of goods in FY23, up about 6% from the previous year, commerce ministry data showed. At the same time, goods imports rose over 16% to touch $714 billion, widening the goods trade deficit to highest ever mark of $267 billion against the previous year’s $191 billion. “Although …

Goods exports grew 6% , imports 16.5% this fiscal
1 year, 9 months ago

Goods exports grew 6% , imports 16.5% this fiscal

The Hindu  

India’s goods exports declined for the second successive month in March, falling a sharp 13.9% to $38.38 billion while imports dipped 7.9% to $58.11 billion. “Despite the global headwinds, we have surpassed our 2022-23 target of $750 billion dollars to hit $770.18 billion, which is $94 billion higher than last year’s record exports,” Commerce Secretary Sunil Barthwal said, using services …

Finance Minister Nirmala Sitharaman exhorts exporters to 'foresee' impact of global slowdown, engage with govt
1 year, 10 months ago

Finance Minister Nirmala Sitharaman exhorts exporters to 'foresee' impact of global slowdown, engage with govt

Firstpost  

Nirmala Sitharaman further said that customs authorities at the borders are keeping a tab on both exports and imports New Delhi: Finance minister Nirmala Sitharaman on Wednesday exhorted exporters to be receptive and ‘foresee’ how the recession or slowing economy abroad will pan out for them, while asking them to constantly engage with the government. With regard to imports, she …

Chinese import surge hits at ‘Make in India’
1 year, 11 months ago

Chinese import surge hits at ‘Make in India’

Hindustan Times  

The government is alarmed by a surge in imports of Chinese finished goods such as electrical machinery, furniture, medical instruments, and implements, including kitchen cutlery, spoon and forks worth billions of dollars, which negates its strategy of Aatmanirbhar Bharat initiative, two officials aware of the development said. While imports of raw materials and intermediaries from China are “good imports” as …

Aluminium firms raise duty anomaly
2 years ago

Aluminium firms raise duty anomaly

Live Mint  

The aluminium industry has urged the government to correct the inverted duty structure on critical raw materials in the upcoming budget to make domestic aluminium prices competitive and prevent dumping of the metal in the country. In its representation to the finance ministry, the association also wanted a hike in import duty on sub standard aluminium scrap to 10% from …

Budget 2023: Govt Likely To Hike Import Duty On 35 Items; Jewellery, Electronic Items To See Price Rise
2 years ago

Budget 2023: Govt Likely To Hike Import Duty On 35 Items; Jewellery, Electronic Items To See Price Rise

News 18  

The government is examining to hike customs duty on more than 35 items in the upcoming budget, which is scheduled to be announced on February 1, according to an Economic Times report. Meanwhile, the commerce ministry has also sought a reduction in the import duty on gold in the budget with a view to push exports and manufacturing of the …

Budget may seek to curb China imports
2 years ago

Budget may seek to curb China imports

Live Mint  

The Budget may announce steps to reduce India’s import dependence on China through various tariff and non-tariff measures, pursuing its strategy of Atmanirbhar Bharat in a “calibrated” manner, two officials aware of the matter said. Indian companies and government departments have raised red flags over the import of more than 100 Chinese products including polyester yarn, optical fibre, solar cells, …

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