India is working on a plan to reduce its dependence on its supply chains in China, according to a report in The Economic Times (ET). The NITI Aayog is working on a strategy to address the trade deficit with China and suggest measures to secure supply chains from geopolitical risks.
A senior Government official was quoted as saying that the Aayog will bolster its policy recommendations on tariff and non-tariff barriers. The NITI Aayog will also bring a consultancy firm to review India-China trade as part of the exercise.
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