Chinese goods are set to re-enter Indian markets after a nearly four-year halt in clearances, which was triggered by border tensions between the two countries. The Indian government is now expediting pending applications for the mandatory quality certification of various products, including electronics and components, to address supply chain delays and prevent shortages during the festive season. This decision is driven by a surge in domestic demand, potentially leading to increased bilateral trade and easing inflationary pressures.
📚 Test Your Knowledge:
The mandatory certification process requires approval of which part of the Chinese supply chain?
Correct Answer: Overseas manufacturing plant