May ease tariffs if domestic companies not hurt: Finance minister

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The story "May ease tariffs if domestic companies not hurt: Finance minister" was covered 1 weeks ago by Times of India, a news publisher based in India.

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Times of India 1w ago

May ease tariffs if domestic companies not hurt: Finance minister - Times of India

Quick Summary:

India's Finance Minister, Nirmala Sitharaman, hinted at the possibility of reducing certain import tariffs to support domestic industries reliant on imported materials.

While acknowledging the concerns of global organizations like the IMF and World Bank regarding India's tariff rates, Sitharaman emphasized the government's commitment to safeguarding domestic production.

The FM also said that India needs foreign direct investment but “need to make sure who exactly is bringing in that FDI.” and made it clear that while New Delhi welcomes FDI there has to be transparency on the source.