India Could Save ₹28,540 Crore Annually with Anti-Dumping Duties, Report Finds
Anti-dumping duties can save India Rs 28,540 cr annually: Report
Asianet Newsable
Image: Asianet Newsable
A report by the Center for Development and Economic Policy Research suggests that implementing anti-dumping duties could save India ₹28,540 crore annually and bolster domestic investments by ₹70,000 crore. The study highlights significant economic losses due to dumped imports, particularly from China, and calls for timely enforcement of these duties.
- 01The report estimates economic losses from dumped imports at approximately ₹1.54 lakh crore, potentially rising to ₹2.70 lakh crore by 2030.
- 02Jobs at risk due to import distortions could increase from 24,000 to between 38,000 and 42,000 by 2030.
- 03Anti-dumping duties have minimal impact on consumer inflation, with a median price increase of only 0.023% noted in cases where duties were not implemented.
- 04The non-implementation of these duties has disproportionately affected MSMEs, leading to shutdowns in various sectors.
- 05India's average duration of anti-dumping duties is 6.97 years, which is lower than the global average of 11.19 years.
Advertisement
In-Article Ad
A recent report by the Center for Development and Economic Policy Research (C-DEP) and the Centre for WTO Studies indicates that enforcing anti-dumping duties on certain products could save India approximately ₹28,540 crore annually in foreign exchange and support domestic investments worth ₹70,000 crore. The report, presented by Pritam Banerjee, Head of the Centre for WTO Studies, highlights significant economic losses from dumped imports, particularly from China, totaling around ₹1.54 lakh crore and projected to rise to between ₹2.68 lakh crore and ₹2.70 lakh crore by 2030. It also warns of an increase in job losses from 24,000 to nearly 42,000 due to market distortions caused by these imports. The study emphasizes that the impact of anti-dumping duties on consumer inflation is negligible, with a median effect of just 0.023% on final prices. Furthermore, it notes that the non-implementation of these duties has severely impacted micro, small, and medium enterprises (MSMEs), leading to shutdowns in various sectors. Overall, the report advocates for the timely enforcement of anti-dumping measures to enhance India's economic resilience.
Advertisement
In-Article Ad
The implementation of anti-dumping duties could significantly bolster domestic manufacturing and protect jobs within India.
Advertisement
In-Article Ad
Reader Poll
Do you support the implementation of anti-dumping duties in India?
Connecting to poll...
Read the original article
Visit the source for the complete story.



