US, China Challenge Modi's 'Make in India' Incentives, Citing Trade Norm Breaches
MMoneycontrol•26-02-2026, 11:07
US, China Challenge Modi's 'Make in India' Incentives, Citing Trade Norm Breaches
- •US imposes 126% duties on Indian solar imports, alleging unfair subsidies, effectively shutting out Indian manufacturers.
- •WTO establishes panel to examine China's complaint against India's automotive and renewable energy incentive programs.
- •Disputes center on India's Production-Linked Incentive (PLI) scheme, a $21 billion program to boost domestic manufacturing.
- •Trading partners argue PLI schemes unfairly favor local producers, creating an uneven playing field.
- •India plans to defend its incentive programs, asserting compliance with WTO rules, despite pressure from key partners.