Budget 2021 seen raising import duties by 5%-10% on dozens of items: Report Premium Finance Minister Nirmala Sitharaman will unveil the budget on Feb. 1 amid the shadow of a projected economic contraction of 7.7% for the current fiscal year (Photo: PTI) Aftab Ahmed, , Reuters The govt is considering hiking import duties by 5%-10% on over 50 items including smartphones, electronic components and appliances in the upcoming budget, the report said The move to increase import duties is part of PM Modi's self-reliant India campaign that aims to promote and support domestic manufacturing Share Via Read Full Story NEW DELHI : India is considering hiking import duties by 5%-10% on more than 50 items including smartphones, electronic components and appliances in the upcoming budget, three government sources privy to the discussions told Reuters on Monday.