What is the tendency towards dumping, which India will recover from China, and India recently imposed anti-dumping fee on five products from China. Its purpose is to save domestic industries and deal with unfair trade. Low prices of Chinese products have become a challenge for Indian manufacturers. In such a situation, the government has set this fee on some goods. If a country sells its product at less than its actual cost in another country, it is called dumping. This can damage the domestic market. This action of India was taken under the WTO rules. According to the WTO, the country in question may impose extra fees on it as a land shower. Think, if you are a small businessman and suddenly a very cheap imported goods come to the market, your business can come to a standstill. This fee is such a situation. The government is conducting a thorough investigation before imposing this fee. DGTR monitors it and recommends the necessary action. The trade deficit between India and China has already amounted to $ 85 billion. This fee is an important step in alleviating domestic industries and to balance the trade. The direct effect of dumping fee is that cheap Chinese products will now become expensive in the Indian market. This will give domestic companies the opportunity to increase their sales. This decision is the news of relief for Indian industries, but it will be interesting to see how China will respond. India’s move will strengthen domestic industries. Its results will be clear over time. Click here Life & Style Click for more stories Click here
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