India is considering a number of tariffs and non-tariff steps to cut imports of non-essential consumer and electronic goods, including from China, as trade imbalances concern policymakers, two government officials and an industry source said.
As many as 18 key government ministries, led by the federal trade ministry, met last week to firm up steps first aimed at cutting imports from China, which accounts for nearly a third of India's trade deficit, said the three sources who declined to be named.
The trade gap with China widened 28% in April-December 2022 from the same period a year earlier, as India's domestic demand continued to support Chinese imports while COVID lockdowns in China crimped imports from India. The industry source said that so far this year anti-dumping investigations have focussed on products such as printed circuit boards and a type of toughened glass imported from China.
India's federal trade ministry and China's embassy in New Delhi did not immediately respond to requests for a comment. China's commerce ministry also had no immediate comment.
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