Budget 2025 could levy higher import duties to contain dollar demand, stem rupee slide: EY's Srivastava

The government may raise import tariffs in the forthcoming Budget to stabilize the rupee, which recently hit a historic low. Economist DK Srivastava suggests this could reduce the demand for dollars and provide greater protection to the domestic industry. Such measures could help in bolstering the Indian economy and support the Atmanirbhar Bharat initiative.