India Raises Import Duty on Precious Metals to Protect Forex Reserves and Strengthen Economy
May 13, 2026 10:09 AMNew Delhi: Government sources said India’s decision to increase import duty on precious metals is part of a broader strategy to conserve foreign exchange, manage the current account deficit, prioritise essential imports, and strengthen economic resilience amid global uncertainties. The measure represents a balanced, proportionate, and nationally responsible response to extraordinary external conditions while maintaining
