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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.

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