India rejects US claims of industrial overcapacity
Trade official Amitabh Kumar stated that India lacks excess production capacity when measured against its large population and domestic growth needs. New Delhi is currently engaging with Washington to address Section 301 investigations and potential tariffs while working toward a trade deal.
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Xurve View
India rejected claims from the United States regarding surplus manufacturing capacity in its textile and steel sectors during a Section 301 investigation. Additional Trade Secretary Amitabh Kumar stated on Wednesday that output aligns with domestic demand and the growth needs of its large population. The dispute centers on a $42 billion goods trade surplus and allegations of structural excess in industries ranging from solar modules to petrochemicals.
