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3232India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit
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Wed, 06 Jul 2022 08:50:14 +0000https://www.digit.info/2022/07/06/india-hikes-duty-on-imported-gold-seeking-to-bring-down-trade-deficit/Read more]]>In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s Worsening Trade Deficit Faced […]
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s Worsening Trade Deficit Faced […]