Dumping is a practice of selling goods in a foreign country at a price below their domestic selling price, after allowing for differences accruing from transportation expenses, tariffs, and other cost justifications.
The deluge of imports from China has adversely affected India’s manufacturing sector, forced many industrial units to operate at below capacity levels and in some cases to shut down.
The Chinese goods are competitively priced not just due to better manufacturing ecosystem that it possess but it is also due to support of the Chinese government, manipulating its currency to maintain export competitiveness and unfair trade practices like export subsidies in contravention to WTO regulations.
