China’s preparation to reduce imports, 100 new products will be made in India! Know the master plan of the government in the budget

India’s sugar imports have increased significantly in the last few years. Because of this, India’s trade deficit with China has also crossed 100 billion dollars. Keeping this in mind, the government is preparing to make a big announcement to promote local manufacturing in the next budget. According to information, the government may extend support measures to promote domestic production of 100 products including intermediate products and capital goods used in various sectors in the next budget.

100 products identified

The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has completed the process of identifying 100 products for which India is largely dependent on imports. These products may include items from sectors such as auto parts, chemicals and machinery. The official said that the process of identification of these products has been completed after extensive discussions with various ministries and the private sector.

The Ministry of Commerce will share the details with the Ministry of Finance

He said the move was aimed at strengthening domestic production and reducing dependence on imports. Currently, these products are either not being manufactured in India or are not being produced in sufficient quantity. It aims to expand production for local and global markets. The Ministry will share these details with the Finance Ministry as part of its recommendations for the Budget (2027-28). Supporting measures may include financial and non-financial measures, research and development (R&D), trade and tariff measures, and strengthening of testing and certification infrastructure. The Union Budget 2027-28 is likely to be presented on February 1 next year.

Imports of which goods increased by how much?

According to commerce ministry data, India’s chemical imports rose 10.5 percent to $16.1 billion in the April-September period of fiscal year 2026-27. During the same period, imports of materials used in dyeing, leather processing and dyeing increased by nearly 30 percent to $2.7 billion. Similarly, imports of machinery (electrical and non-electrical) and transport equipment increased by 15.5 percent and 9.21 percent to $34.1 billion and $18.21 billion, respectively, in the first half of the current fiscal year. The government is taking several steps to promote domestic production. These include Production Linked Incentive (PLI) schemes for 14 sectors, PM Gati Shakti and National Logistics Policy and Bharat Industrial Development Scheme (BHAVYA).