India to Resume Approvals for Chinese Imports After Five-Year Freeze
In a significant policy shift, India is set to resume approvals for importing goods from China and other countries, ending a five-year freeze imposed after border tensions escalated in 2020. According to government sources, the move is part of a larger strategy to ease supply chain disruptions, support domestic industries, and meet surging consumer demand, particularly following recent Goods and Services Tax (GST) reductions.
India halted approvals for many imports from China in mid-2020, shortly after the Galwan Valley clashes, which led to deteriorated bilateral ties. The government placed non-tariff barriers such as,
These restrictions affected sectors like,
The government now plans to expedite approvals for these imports, primarily from,
Key changes include,
The goal is to ensure supply sufficiency, especially in industries facing stockouts, while stimulating economic activity post-GST reductions on consumer products.
While the new import policy signals openness, India is expected to maintain guardrails against security-sensitive sectors. For example,
Under Section 45ZL of the Reserve Bank of India Act, 1934, every quarter, India’s Monetary…
India hosts nearly 8% of the world’s biodiversity, making conservation crucial for ecological balance and…
Swaraj Kaushal, the former Governor of Mizoram, a noted senior advocate, and the husband of…
The United Nations (UN) functions through a broad institutional system known as the UN System.…
On December 5, the world celebrates International Volunteer Day (IVD), spotlighting the transformative power of…
Each year on December 5, the world comes together to recognize the life-giving role of…