Modi Govt On Chinese Imports

Move is in line with govt's 'Atmanirbhar Bharat' objective

Niti Aayog backed paper suggests short- and long-term indigenous production strategies, free-trade agreements

He also called for a comprehensive understanding of the circumstances and taking informed decisions on the pros and cons of importing from China before being swayed by sentiments

India relies on China for products such as electronic components and drug ingredients because it cannot make them or source them elsewhere as cheap.

According to industry estimates, more than 200 containers were held back for a day

From toys and plastic goods to sports items, and furniture - goods worth $127 billion - could be placed under restrictions

Imports from the northern neighbour have been on the wane since 2017-18 when it had peaked to $76 bn.

China is India's largest source of imports with $70 billion worth of products reaching Indian markets from Chinese shores

India's imports from China stood at $70 billion in 2018-19, with the neighbouring country being its biggest source of merchandise

Through the move, the commerce department plans to restrict imports costing an estimated Rs 4 trillion, primarily from China

The DGTR has recommended $79.58 per tonne duty on the imports

The latest twist in India's policy on foreign trade may, however, benefit the US