India to raise import tariffs, Smartphone, smartwatches set to become pricey
It’s a strategy to stabilize the value of rupee which has been sinking since almost a year. The rupee has gone down 14 percent and is still depreciating against the US dollar.
With the latest announcement by the central government regarding the hike in the Import Tariffs, buying tech-savvy gadgets can be pricey. The rise in import duties is a move to arrest the declining value of rupee against the dollar.
No comments:
Post a Comment