The Role of Anti-Dumping Duties and Its Impact on Chennai Industrial Sector: An Analytical Study

Abstract

Trade between India and China which has concerns like dumping of Chinese goods at low price in the Indian market which causes problems to Chennai Industrial sector since Chennai was known as hub of Industries. Because of this problem, the government implemented various anti-dumping duties upon China to ensure fair competition between India and China and also to protect the domestic industries from this dumping issue. Henceforth, Chennai, known as an important industrial hub for automobile products acts as a significant solution to observe the measures taken on by the local manufacturers. This study is to analyze the impact of these duties on the Chennai Industrial sector. The study found that the Disruption in supply chain operations and decline in market competitiveness as the most significant challenge and Balanced growth with greater market opportunities as the long-term consequences and local employment as the impact. It is concluded that Anti-dumping duties implemented by the Indian government plays a significant role in India’s trade policy to counter unfair trade practices committed by China on Indian domestic Industries. And the trade remedies should be made in the manner that it goes well with the domestic capacity-building.