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India PM Modi Welcomes Reduced 18% Tariff on Made-in-India Products

Prime Minister Narendra Modi highlights the lowered tariff rate, potentially boosting Indian exports to the United States and other markets.

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Terms & Concepts
  • Tariff: A government-imposed tax on imported or exported goods, affecting trade competitiveness.
  • Made-in-India Products: Goods manufactured in India, often promoted under the government's 'Make in India' initiative to boost domestic industries.