Professional Documents
Culture Documents
21) Why India is forcing to put Base year as 2019 but not 2014?
Ans- Basic reason why India want base year as 2019 but not 2014 , because in 2014 the tariff
rates for importing goods were so low. Due to this China had managed to sell cheaper goods
in Indian market which also cost domestic manufacturers. Due to this the trade deficit
between India and China reached up to $54 Billion. Thus India wants to apply new tariff
rates so that they can restrict flood of cheaper goods in the Indian market.