New Delhi: India is stepping ahead in its strategy against China in the midst of standoff between both the countries. The Centre plans to impose higher trade barriers and raise import duties on 300 products from China.
The government is considering raising import duties on 160-200 products and imposing non-tariff barriers – such as licensing requirements or stricter quality checks – on another 100, according to the officials.
The decision will target imports worth $8-10 billion with the aim of deterring non-essential lower quality imports which render Indian products uncompetitive, said the first official, who has direct knowledge of the plans, reported Economic Times.
This move also triggers Prime MInister Narendra Modi’s aim of “Atmanirbhar Bharat”, or a self-reliant India.
