Agricultural protectionism pushes up India’s import tariff: Data
1 month, 1 week ago

Agricultural protectionism pushes up India’s import tariff: Data

The Hindu  

Tariffs levied on imports into India are five times higher than what the United States levies on its imports. The average duty levied by India was 17% in 2023, compared to 3.3% levied by the U.S. Also, the average tariff levied by India was the highest among comparable economies, especially BRICS countries. Click to remove AMP mode Despite the difference in the average tariffs levied by India and the U.S., the number of products subject to tariffs remains comparable in both countries. India’s higher average was mostly due to high tariffs on agricultural products to protect domestic producers. “While tariffs on agricultural goods are really high, it is not so on manufactured products,” explains Biswajit Dhar, Distinguished Professor, Council for Social Development.

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