India's manufacturing sector is facing significant challenges due to dumped imports and inverted customs and GST duty structures. A recent report by C-DEP Research in collaboration with the Centre for WTO Studies highlights the need for targeted policy interventions to strengthen domestic manufacturing and reduce import dependence.
Key Challenges
The reports identify dumped imports, dependence on critical raw materials, and duty distortions as major threats to India's manufacturing competitiveness. These factors are weakening the country's position in key sectors, making it essential to address these issues through effective policy measures.
Recommendations
The reports recommend targeted policy interventions to strengthen domestic manufacturing, reduce import dependence, and improve supply chain resilience. This includes measures to prevent dumped imports, promote domestic production of critical raw materials, and rationalize customs and GST duty structures.