India Raises Tax on Some Imports to Spur Manufacturing (Correct)

India increased duties on a wide set of imported goods ranging from headphones to solar panels to bolster local manufacturing and generate jobs, Finance Minister Nirmala Sitharaman said Tuesday.

The government raised tariffs on imports heaphones, loudspeakers, smart meters used by power distribution companies and solar panels as part of the budget proposals introduced in parliament on Tuesday.

Prime Minister Narendra Modi’s administration is spearheading a plan to boost domestic manufacturing and create jobs after the economic impact of the pandemic lead to a spurt in unemployment in the past two years. It has taken measures to turn India into ...