India's gold tariff hike fuels smuggling revival, squeezes banks and refiners
Cite this
Citations are auto-generated; verify before publishing. The policy classification is PolicyDhara's, not the source's.
Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
India, the world’s biggest gold market after China, more than doubled import tariffs to 15 per cent in May to curb demand, cut the trade deficit and ease pressure on the rupee
Key Facts
Type Policy
Source BusinessLine - Economy
Published Tuesday, 9 June 2026
Affected Population 1.4 billion consumers, 300 million without reliable power
Key Numbers
500 GW non-fossil fuel capacity target by 2030
Saubhagya: 100% household electrification
175 GW renewable energy installed (2025)
Merchandise exports: $437 billion (2024-25)
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right