India has officially joined a US-led international coalition dedicated to combating structural excess capacity in global markets. This initiative seeks to address the challenges posed by industrial overcapacity, which often stems from non-market economic policies and state subsidies that distort fair competition.

Protecting Domestic Industries

By joining this group, India aims to protect its domestic industries from the adverse effects of dumped goods and unfair trade practices. The collaboration is expected to enhance cooperation among member nations to promote transparent, market-oriented policies and ensure a level playing field in the global trading system.