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Budget 2021 seen raising import duties by 5%-10% on dozens of items: Report
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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
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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. ....

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