Economy · India
Goyal Defends India on US Forced Labour and Excess Capacity Probes
Union Minister Piyush Goyal stated that India does not possess structural excess manufacturing capacity in sectors identified by the G20 presidency. He asserted that India's manufacturing capacity meets both domestic and global demands. This comes as the U.S. Trade Representative has imposed a 10% tariff on Indian imports due to forced labour concerns and is investigating India for structural excess capacity, which could lead to additional tariffs.
How outlets across the spectrum covered it
L 1 C 1 R 1
- Left (1): The Hindu
- Centre (1): Business Standard
- Right (1): Punjab Kesari