India raises gold, silver tariffs to 15% to curb imports, support rupee: Report
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Summary
The higher duties could dampen demand in the world's second-largest consumer of precious metals, although they may help narrow India's trade deficit.
Key Facts
Type Research
Source Hindustan Times - India
Published Wednesday, 13 May 2026
Affected Population 63 million MSMEs, export-import community
Key Numbers
Merchandise exports: $437 billion (2024-25)
FDI inflow: $71 billion (2024-25)
PLI scheme: Rs 1.97 lakh crore across 14 sectors
Rs 15,000 crore for Digital India initiatives
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right