 "free trade agreements")
India’s tariffs have been increasing relative to China for two years straight leading up to the pandemic.
India’s average effectively applied tariff rate across all products was 10.21 per cent, compared to 5.39 per cent for China, shows data from the World Bank. Both countries have been bringing it down since the turn of the millennium. The last two years have shown a divergent trend for the last two years, ending 2019, for which data is available.
