The main economic advisor should focus on reducing trade -related costs and strengthening exports, as the Indian external sector continues to show resilience in a global headwind. And added.
Vanantha NageSwaran has been facing twin challenges to achieve higher levels of economic development and address climate change. “… It is difficult to conclude that both the carbon boundary adjustment mechanism (CBAM) and the EU forest logging (EUDR) are trade protection measures decorated in climate and environmental languages.”
CBAM and EUDR are expected to affect $ 9.5 billion in India’s exports to the EU.
Coffee, leather hideaway and skin preparation, oil cake, paper, paper, paper, wooden furniture, etc. can be greatly affected by EUDR.
The economic survey leads to an increase in demands by US President Donald Trump in calling for higher tariffs and characteristics in India, Brazil, and China.
NDTV profit Earlier, India reported that the budget would be more likely to reduce customs duties from the United States. The sources stated that the Narendra Modi government is likely to reduce tariffs with 7 to 8 luxury imports.