India Rejects Excess Manufacturing Capacity Claims at G20: Piyush Goyal

2 Oct 2026, 2:56 pm · 2d ago · 1 min read · YourStory

Commerce and Industry Minister Piyush Goyal asserted at the G20 that India does not possess structural excess manufacturing capacity in designated sectors, emphasizing that domestic production balances local and global requirements. Goyal stated that supply chain diversification must align with World Trade Organization rules rather than shifting adjustment burdens onto developing economies. He addressed concerns over trade-distorting hidden subsidies, dumping, and predatory pricing, noting India tackles them via evidence-based WTO mechanisms like anti-dumping duties. His remarks follow the US Trade Representative's Section 301 investigations into forced labour and industrial capacity across 60 economies.