Union Budget 2026: India mulls barriers to cut import dependence, narrow trade gap
- Posted on December 29, 2025
- By Business News Today
- 6 Views
Union Budget 2026: India mulls barriers to cut import dependence, narrow trade gap
India is considering increasing customs duties and offering targeted incentives for goods with high imports despite local production. This move aims to reduce the merchandise trade gap and supply chain dependence, with a list of around 100 items, including engineering goods and consumer products, under review.
