India’s balancing act to attract more investment from China, U.S. and boost trade
The Indian government is navigating a complex trade strategy, balancing strategic objectives with the need for investment from the U.S. and China. Data indicates a fluctuating trend in the rejection rates of anti-dumping duty recommendations by the Ministry of Finance over the last few years.
Why it matters
India's approach to anti-dumping duties serves as a barometer for its broader economic diplomacy and protectionist policies toward major global powers.
The Indian government has over the last few months been walking a tightrope between maintaining its strategic objectives and encouraging more trade and investment from the two largest economies in the world — the U.S. and China
This balancing act has seen gradual and incremental relaxations in several long-held policies of the government — whether it has to do with foreign direct investment (FDI) in e-commerce, allowing FDI from companies with Chinese ownership, or taking action against the dumping of goods in India by its trade partners.
Data compiled by the Centre for Digital Economy Policy (C-DEP) and shared with The Hindu shows that one arena in which this balancing act is playing out is in the manner in which the country uses its anti-dumping duties.
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