PrøvGOLD- Free

No pre-emptive tariff overhaul

Financial Express Hyderabad|January 09, 2025
Over a few years to FY23, India had seen a significant tariff escalation, reversing the trend of progressive reduction of these import barriers, primarily in the wake of the pandemic.

The simple average of import tariffs maintained by India had risen from a low of 13% (10.1% for non-agricultural or industrial goods) in 2009 to 18.1% (14.7%) in 2023.

Import tariff is the basic customs duty (BCD) applied on items identified on the basis of a six-digit harmonised commodity description and coding system (HS Code); other imposts on inward shipments, including the integrated GST, are meant to replicate taxes suffered by domestic goods and services.

Thanks to the steps taken in the FY25 Budget, the average tariff rate of the country came down, and is around 17% now.

This is much higher than the US' 3.3%, but is comparable to other major economies like South Korea (13.4%) and China (7.5%).

However, the US, too, keeps high tariffs on certain items to protect domestic producers.

Denne historien er fra January 09, 2025-utgaven av Financial Express Hyderabad.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9500+ magasiner og aviser.

No pre-emptive tariff overhaul
Gold Icon

Denne historien er fra January 09, 2025-utgaven av Financial Express Hyderabad.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9500+ magasiner og aviser.

FLERE HISTORIER FRA FINANCIAL EXPRESS HYDERABADSe alt
Financial Express Hyderabad

Doubling down on home mkt: Voltas

Voltas is doubling down on the domestic market amid global uncertainty, deepening penetration in tier-2 and tier-3 towns, MD & CEO Pradeep Bakshi said in the company's latest annual report for the financial year ended March 2025.

time-read
2 mins  |
June 20, 2025
Financial Express Hyderabad

US restarts visa process for students, with riders

Lifting Pause

time-read
1 min  |
June 20, 2025
Financial Express Hyderabad

Indian money in Swiss banks triples, customer deposits rise only 11%

INDIAN MONEY PARKED in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs (nearly ₹37,600 crore) on the back of a huge jump in funds held through local branches and other financial institutions, annual data released by Switzerland's central bank showed on Thursday.

time-read
1 min  |
June 20, 2025
Financial Express Hyderabad

Crashed Dreamliner was well-maintained: AI CEO

THE CRASHED BOEING 787-8 Dreamliner was \"well-maintained\" and had undergone a major check in June 2023 with the next scheduled for December this year, said Air India CEO and managing director Campbell Wilson on Thursday.

time-read
1 min  |
June 20, 2025
Financial Express Hyderabad

Musk's X to Offer Investment Tool

X CEO Linda Yaccarino has said users will soon be able to make investments or trades on the social media platform, the Financial Times reported on Thursday, a move to support billionaire owner Elon Musk's vision to create an \"everything app.\"

time-read
1 min  |
June 20, 2025
Financial Express Hyderabad

FTA talks with New Zealand may end in 3-4 months

FTA talks with New Zealand may end in 3-4 months

time-read
2 mins  |
June 20, 2025
Financial Express Hyderabad

Fraud charges in Maran vs Maran saga over TV biz

WHEN CONTACTED BY FE, Suresh declined to comment.

time-read
2 mins  |
June 20, 2025
Financial Express Hyderabad

TCS sees human+AI as future work model

TATA CONSULTANCY SERVICES (TCS), the country's largest IT services provider, sees a future shaped by a collaborative \"human plus AI\" work model as enterprises accelerate the adoption of artificial intelligence (AI) technologies.

time-read
2 mins  |
June 20, 2025
Financial Express Hyderabad

Global IPOs Slump in 2025 Amid Tariff Heat

GLOBAL EQUITY IPOs have dropped 9.3% YoY to $44.3 billion—the lowest in nine years—amid US tariffs, market volatility, and high rates.

time-read
1 min  |
June 20, 2025
Financial Express Hyderabad

LG's India listing to resume in Sept

THE COMING WEEK is packed with both SME and mainboard initial public offerings (IPOs), with several major launches across sectors such as finance, infrastructure, and healthcare.

time-read
3 mins  |
June 20, 2025

Vi bruker informasjonskapsler for å tilby og forbedre tjenestene våre. Ved å bruke nettstedet vårt samtykker du til informasjonskapsler. Finn ut mer