In his revamp of the Council of Ministers last week, the Prime Minister let the incumbent cabinet ministers at the Finance and Commerce Ministries retain their positions. So, the exporters, importers and domestic producers can expect certain trends as seen in the last two years to continue.
The quantitative restrictions on imports, higher import duties, non-tariff barriers such as quality standards, minimum import prices and pre-import registration requirements were already in vogue before the call for Atmanirbharata (self-sufficiency) from the Prime Minister last May gave more impetus to such measures. Also, there is a conscious effort to reduce imports from China
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