The reported move to have a sunset date for high import tariffs on electronic products like mobile phones and TVs makes perfect sense. Artificial value addition behind high tariff walls enriches a few while impoverishing the citizenry, with high costs, obsolescence and incapacity to compete globally.
Reportedly, high tariffs to boost domestic production would have a 4-5-year term limit. In tandem, what’s surely required are innovative industrial and technology policies for Indian producers…
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