India Ready to Fight China at WTO, But Won’t Budge on FDI Restrictions

Officials say principle of ‘non-discrimination’ may have been breached, but domestic interests more important
India is ready to face the music at the World Trade Organization (WTO) if China lodges a complaint against the former’s alleged “discriminatory” restrictions on Foreign Direct Investment (FDI) from the latter, a senior official has said.
“China can no doubt drag India to the WTO for discriminating against it in the area of investment rules. But as the WTO’s dispute settlement system has been rendered dysfunctional by the US at the moment, India does not face any real threat of immediate penalties,” said a government official. Read More…