India joins US, 13 economies in joint statement to address global excess capacity after G20 meeting

Economic Times - Oct 8, 2026

India, along with the United States and 13 other economies, has signed a joint statement aiming to address structural excess capacity. The participating economies emphasized the importance of eliminating non-market policies that distort economic conditions. They acknowledged the growing challenges posed by excess capacity in manufacturing sectors, which hinders market-based investments. The countries committed to cooperating and sharing information to mitigate the negative impacts on trade and jobs.

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