India announces tariff cuts on capital goods and raw materials to support manufacturing and exports
India has cut tariffs on raw materials and capital goods in its annual budget. The measures aim to boost exports and support domestic energy manufacturing.
The government of India 
INhas announced a series of tariff cuts on capital goods and raw materials as part of its annual national budget to bolster domestic manufacturing. Finance Minister Nirmala Sitharaman nirmala sitharamanstated that Indiawill reduce the duty on capital goods essential for processing critical minerals and manufacturing lithium-ion battery cells. These measures come as the government of Prime Minister Narendra Modi narendra modiseeks to enhance manufacturing competitiveness and reduce reliance on foreign processing for key energy-transition inputs.
INhas announced a series of tariff cuts on capital goods and raw materials as part of its annual national budget to bolster domestic manufacturing. Finance Minister Nirmala Sitharaman nirmala sitharamanstated that Indiawill reduce the duty on capital goods essential for processing critical minerals and manufacturing lithium-ion battery cells. These measures come as the government of Prime Minister Narendra Modi narendra modiseeks to enhance manufacturing competitiveness and reduce reliance on foreign processing for key energy-transition inputs.
