China Drags India to WTO | Why PLI Schemes Are Under Challenge

Описание: China has taken India to the World Trade Organisation, challenging India’s Production Linked Incentive (PLI) schemes for solar and ICT products. Beijing argues that these subsidies encourage the use of local goods over imports, violating WTO rules on import-substitution subsidies.

India defends the PLI schemes as essential for boosting domestic manufacturing, reducing import dependence, supporting clean energy, and creating jobs. The dispute is currently in the consultation stage, where most WTO cases are resolved.

The bigger question remains: should developing countries have more freedom to support strategic industries?

#china #india #wto #plischeme #makeinindia #tradepolicy #internationaltrade #currentaffairs #upsc #gs2 #gseconomy #geopolitics #manufacturing

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