 "US India Trade")
Customs duties are import taxes that apply to most of India’s $678.2 billion imports for FY24. The 2025 Budget introduced key changes to Customs duty across electronics, automobiles, textiles, and the healthcare sector. While some duties were cut to boost local manufacturing and exports, others were raised to protect domestic industries. Many changes are part of India’s broader trade strategy to adapt to global shifts. Let’s look at the key Budget changes and how India prepares to stay ahead.
Average tariff levels: India’s average import tariff stands at 17 per cent, while the trade-weighted rate is lower at 12 per
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