India joins US-led group on structural excess capacity

India joins US, 13 economies in joint statement to address global excess capacity after G20 meetingNEW DELHI: India has joined US and a dozen other economies, including Canada, EU, Japan, South Korea, Mexico, France, Germany and UK, on structural excess capacity in five categories – autos and EVs, batteries, chemicals, foundational semiconductors and solar panels – which are globally dominated by China.