Delhi may gain from US-China trade war by slashing own tariffs
A panel report recommends that India’s upper range of tariffs and number of tariff rates should be reduced over a five-year period
The panel also says after reducing customs tariffs for over two decades, India’s average tariffs were hiked in 2017
NEW DELHI : A high level advisory group set up by the commerce ministry has advocated reducing India’s overall tariffs to benefit from the ongoing trade war between the US and China. This could help the Narendra Modi government formulate an effective trade policy in its second innings.