ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Trade

India tariff hikes target mainly China in protectionist drive

Duties on solar panels and electronics go up while raw materials see decrease

India's recently hiked tariffs on about 30 products, including components for solar cells.   © Reuters

NEW DELHI -- The Indian government has raised tariffs on a laundry list of goods in a move that seeks to rebalance trade with China and develop local industry.

The protectionist moves were announced this month and come as Prime Minister Narendra Modi seeks to boost the economy after it took a major pandemic-related hit and as tensions between New Delhi and Beijing continue to mount.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more