The government has reduced customs duties on gold imports to lower gold prices, curb smuggling, and boost official trade. While these measures helped reduce illegal imports and bring some price relief, gold prices remain high due to global economic factors, currency depreciation, and strong demand. Moving forward, further duty cuts, better regulation of digital gold, strengthening anti-smuggling efforts, and revitalizing gold monetisation schemes are recommended to stabilize prices.
Click to View More
The US imposed 50% tariffs on Indian imports, citing trade deficits, market access issues, and India's Russian ties. This threatens India's exports, particularly electronics, pharmaceuticals, and textiles, impacting economic growth and MSMEs. India is responding through dialogue, diversifying trade relations, strengthening domestic manufacturing, and advocating for multilateralism to navigate these pressures.
Click to View More
© 2025 iasgyan. All right reserved