The trade deficit crossed $100 billion for the first time. While Indian imports increased to an all-time high, exports to Beijing fell sharply compared to last year.
Imported electric fans and smart meters, especially those made in China, will soon face stringent scrutiny under new quality control orders (QCOs), said a report. It quoted a government official who said, “We are looking at bringing QCOs for mass production items such as smart meters and ceiling fans. This will benefit our own industry and consumers.”