Dispelling Myths: India's Manufacturing Realities
India does not have surplus manufacturing capacity in textiles and steel as claimed in the U.S. Trade Representative's Section 301 probe. This assertion was made by Additional Trade Secretary Amitabh Kumar, who stated that the country's manufacturing output remains low compared to its per capita consumption.
India has refuted claims of having surplus manufacturing capacity in its textile and steel sectors. The dispute arises from the U.S. Trade Representative's Section 301 probe, which questioned India's production levels.
Amitabh Kumar, the Additional Trade Secretary, addressed these allegations on Wednesday, clarifying the country's current manufacturing status.
Kumar emphasized that India's output in both sectors is currently insufficient, given the rising per capita demand within the nation.
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