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Tariffs, trade barriers: How India plans to protect domestic biz from China

Bilateral trade between China and India was worth $88 billion in the fiscal year ending March 2019, with a trade deficit of $53.5 billion in China's favour, the widest India has with any country

India, China, India-China ties
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PM Modi has vowed to promote and protect local manufacturing since he swept to power in 2014.

Aftab Ahmed, Aditya Kalra and Neha Arora | Reuters New Delhi
India plans to impose higher trade barriers and raise import duties on around 300 products from China and elsewhere, two government officials said, as part of an effort to protect domestic businesses.

The plan has been under review since at least April, according to a government document seen by Reuters, and is in line with Prime Minister Narendra Modi's recently announced self-reliance campaign to promote local products.

The new duty structures are likely to be gradually outlined over the next three months, said the sources, who asked not to be named as the plan is still being finalised.

India's finance ministry and trade

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First Published: Jun 19 2020 | 7:26 AM IST

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