• Friday, August 19, 2022

Business

India to Raise Import Tariffs on Electronic and Communication Devices

India said on Thursday (11) that it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee (Photo: DIBYANGSHU SARKAR/AFP/Getty Images).

By: Radhakrishna N S

India said on Thursday (11) that it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee. The tariff hike, the second such move by India in a two week span, was announced late on Thursday by New Delhi as it attempts to raise import barriers to curtail the import of goods it deems as ‘non-essential’ items. The latest set of increased tariffs could ratchet up trade tensions with the United States and China, among other countries and hurt the likes of network equipment makers such as…

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