India's budget seen raising import duties by 5%-10% on dozens of items: Sources

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India's budget seen raising import duties by 5%-10% on dozens of items: Sources
Reuters
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Synopsis

The move to increase import duties is part of Prime Minister Narendra Modi's self-reliant India campaign that aims to promote and support domestic manufacturing, said the sources, who asked not to be named as the discussions are not public.

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The list of items likely to attract steeper duties is set to include appliances such as refrigerators and air conditioners too, three of the sources said.

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3 Comments on this Story

Ravindra Muthya44 minutes ago
Not a good idea. On the other hand give support to Indian manufacturers and product developers better support they altered purchase process to make it easy for innovation and manufacturing. This will improve quality of indigenous products
Gaurav1 hour ago
The Psychology of Money:
amzn.to/317sAG5
Deepak H1 hour ago
Every time she opens that bahi khata, markets tank 5%. FOget Musk, Indians get robbed by higher taxes under incompetent BJP