India: 2020-21 Budget Raises Tariffs on Several Agricultural Products

On February 1, 2020, Finance Minister Nirmala Sitharaman presented the Government of India’s (GOI) annual budget for Indian Fiscal Year (IFY) 2020/21. The GOI, with immediate effect, increased tariffs on several food and agricultural products, including dairy products, walnuts (shelled), edible vegetable oils, infant foods, and soy products. 

India: 2020-21 Budget Raises Tariffs on Several Agricultural Products