The Indian government will reportedly introduce new trade-related measures in its budget on Feb. 1, potentially including tariffs on imports of home appliances and components. That’s likely designed to continue promoting the Modi administration’s “Make in India” policy of encouraging manufacturers to onshore production to India. Indian imports of home appliances and parts declined by 16.4% year over year in the three months to Oct. 31, including a 29.8% slide in air conditioners and a 21.3% decline in fridges / freezers. Air conditioner specialists Carrier and Daikin led the drop in air...