India Anti-Dumping Duties Report Released

A report titled 'Impact of Anti-Dumping Duties in India', co-authored by the Center for Development and Economic Policy Research and the Centre for WTO Studies, was released on Tuesday. It states that enforcing anti-dumping duties on products currently under government evaluation could save India approximately Rs 28,540 crore annually in foreign exchange and support domestic investments worth Rs 70,000 crore. The report criticizes the non-implementation of 56 India — Directorate General of Trade Remedies-recommended anti-dumping duties by the India — Ministry of Finance (India), which has resulted in an estimated annual economic loss of Rs 11,938 crore to domestic industries. It also projects that economic losses from dumped imports could rise to Rs 2.70 lakh crore by 2030, with job losses increasing from 24,000 to 38,000-42,000. The study emphasizes that anti-dumping duties have a negligible impact on consumer inflation and downstream costs, while their non-implementation disproportionately affects MSMEs, leading to shutdowns. The report advocates for timely implementation of these duties to protect domestic manufacturing, reduce import dependence, and strengthen India's economic resilience.