The Economic Survey tabled in Parliament today, undrelined that complaints for dumping have been rising in the aftermath of the global slowdown. The Survey points that India has conducted anti-dumping investigations on the basis of applications filed by the domestic industry with prima facie evidence of dumping of goods in the country, injury to the domestic industry and causal link between dumping and injury to the domestic industry. During 2017-18 (upto December-end), the Directorate General of Antidumping and Allied Duties (DGAD) initiated anti-dumping investigations into the import of 24 products, issued preliminary findings in 3 anti-dumping investigations, final findings in 35 anti-dumping investigations, and final findings in one anti-circumvention of ADD investigation.

The Survey adds that products wherein ADD has been imposed fall in the products group of Chemicals & Petrochemicals, Products of Steel & other metals and Rubber or Plastic Products. The countries involved in these investigations are China, Iran, Saudi Arabia, USA, EU, Japan, Canada, Russia, Indonesia, Georgia, Thailand, Norway, Turkey, Bangladesh, South Korea, Ukraine and Taiwan, with major products found to have been dumped from China. In 2016, 300 anti-dumping investigations were initiated by all countries with India leading at 69 investigations followed by USA (37) and Argentina (25).

The prospects for India's External Sector in this and coming year look bright with world trade projected to grow at 4.2% and 4% in 2017 and 2018 respectively from 2.4% in 2016; trade of major partner countries improving and above all India’s export growth also picking up. The downside risks lie in the rise in oil prices. However, this could also lead to higher inflow of remittances which have started picking up. The supportive policies like GST, logistics and trade facilitation policies of the government could help further.