India Waives Customs Duties on Petrochemicals Amid Iran War
Mint (Business)
India waives customs duties on petrochemicals until June to counter inflation and supply issues caused by the Iran war. Learn more about the impact on industries.
India waives customs duties on 40 petrochemicals until June.
Key sectors like plastics and pharmaceuticals to benefit significantly.
Move aims to combat inflation amid Iran war supply disruptions.
Retail inflation rose to 3.21% in February, sparking concerns.