Modi government can take the biggest decision so far to shake China

- This move is part of India's efforts to promote self-reliance

New delhi date. 16 December 2022, Friday

The Budget may announce measures to reduce India's import dependence on China through various tariff and non-tariff measures in line with its strategy of self-reliant India in a "proven" manner, sources familiar with the matter said. That is why the government is likely to impose restrictions on Chinese imports in the FY24 budget. If it does, the move will be part of India's efforts to promote self-reliance.

This would be nothing short of a surgical strike for China, as India is a huge market for Chinese equivalents. However, India will continue to import raw materials from its neighboring countries. Indian companies and government departments have so far banned more than 100 Chinese products. These include polyester yarn, optical fiber, solar cells, vinyl tiles, saccharin, eye lenses, various steel items, chemicals, ceramics, Tabus ware, kitchen utensils, glassware, aluminum foil.