overcapacity

India Denies Textiles and Steel Overcapacity, Says USTR Probe Lacks Evidence

India has rejected U.S. allegations of structural overcapacity in its textiles and steel industries, telling the USTR that per capita consumption remains among the world's lowest. The Directorate General of Trade Remedies (DGTR) stated that overcapacity is not recognized under WTO trade remedy laws and accused the probe of targeting specific countries without evidence.