Anti-dumping duty is imposed by the countries to protect the domestic industries and market. Analyse the recent anti-dumping cases in India and give your argument that why India should impose anti-dumping duty.

Anti-dumping is a measure to rectify the situation arising out of the dumping of goods and its trade distortive effect. It provides relief to the domestic industry against the injury caused by dumping. It is imposed to protect the domestic industries and market. Some of the recent cases justifying why India should impose anti-dumping duty are given below: India has recently imposed anti-dumping duty for certain stainless steel products imported from China, Malaysia and South Korea, as the domestic steel industry was battling sluggish market sentiments and strained margins. The duty was imposed on hot rolled (HR) flat products of stainless steel grade with all its variants originating from China at ₹309 per tonne, ₹316 per tonne from Malaysia and from Korea at ₹180 per tonne as the home-grown stainless steel industry had sustained material injury due to such dumped imports and anti-dumping measure was required to stop it. The Finance Ministry has imposed a definitive anti-dumping duty on 'USB Flash Drives' imported from China and Taiwan. For 'USB Flash Drives' imported from China, the revenue department has imposed an anti-dumping duty of ₹3.12 per unit. In the case of pen drives imported from Taiwan, the anti-dumping duty has been pegged at ₹3.06 per unit. The anti-dumping duty will be valid for a period of five years. Storage Media Products Manufacturers & Marketers Welfare Association had filed the application on behalf of the domestic producers represented by Moser Baer India Ltd. which is the sole producer of 'USB Flash Drives' in India to protect the domestic industry. The Finance Ministry has imposed a definitive anti-dumping duty on 'poly vinyl chloride paste/emulsion resin' imports from Norway and Mexico. The anti-dumping duty ranged from ₹309-₹429 per tonne depending on the exporter and the country of export.