Budget 2027: Manufacturers seek lower duties on raw materials to cut costs
Their budget proposals include tariff cuts and longer-term predictability for sectors such as aluminium, steel, textiles and chemicals, alongside faster GST refunds for textile processors.
Manufacturers are requesting lower import duties on raw materials and intermediate goods for the 2027-28 budget, according to sources familiar with the discussions. They argue that high input costs are negatively impacting domestic production and making Indian goods less competitive. These concerns have been raised by Dhirendra Kumar, a journalist with over 20 years of experience covering key economic and governance sectors.
Kumar has received the Chaudhary Charan Singh Award for Excellence in Journalism for his work on agricultural research and development, as well as a fellowship in international trade from the National Press Foundation. His reports aim to simplify complex policy developments and provide readers with an accessible understanding of how these shifts affect India's economic landscape.
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