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The Indian government announced a significant decision to increase the import duty on a variety of products in order to boost domestic manufacturing and reduce dependence on imports. The items affected by this move include electronics, toys, furniture, and several other goods. This decision is in line with the government’s “Make in India” initiative, which aims to promote domestic production and make India self-reliant. The increased import duties are expected to make imported products more expensive, thereby encouraging consumers to buy locally made goods. This move is also seen as a way to protect and support Indian manufacturers who have been facing tough competition from imports. The government has been taking various steps to promote domestic manufacturing and reduce the country’s trade deficit. By increasing import duties on a range of products, the government is not only trying to boost local production but also aiming to create more job opportunities within the country. This decision is likely to have a positive impact on the Indian economy in the long run by strengthening domestic industries and reducing the outflow of foreign exchange. The government’s focus on promoting domestic manufacturing is essential for India’s economic growth and self-sufficiency.

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