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Name: Urnisha Ganguly

Sec: D
Roll No.: 25182
Sub- International Business

Higher import duty will protect domestic manufacturers.


 From previous instances of similar hike, if we become comfortable with
the high tariff protection regime and discredited policy of import, this
policy may make India a low-innovation, high-cost manufacturing
economy.
 There should be a clear understanding within the industry that these tariff
increases are temporary and they have to improve their cost
competitiveness during this period of high tariff imposition.
 Tariff protection without a clear endgame has the danger of making us
less competitive in the global scenario.

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