Current Affairs - Economy - Discussion

In 2023, India became the second-largest user of anti-dumping measures globally, following the US. This marked a significant shift as India reduced its average tariffs to 17%, down from 18.1% in 2022, while simultaneously increasing its use of anti-dumping duties. India initiated 45 anti-dumping investigations and imposed duties in 14 cases, indicating its proactive stance on protecting domestic industries from unfair trade practices despite the overall reduction in tariff levels.