While analysts expect companies to collectively pass the burden of custom duty hike by increasing prices, price hike could come with a lag. Photo: MintHow effective will be Wednesday’s import duty hikes on 19 supposedly non-essential items? Reports say the current nominal import duty hikes will help the government raise revenue worth about Rs4,000 crore. While analysts expect companies to collectively pass the burden of custom duty hike by increasing prices, a price hike could come with a lag. In short, the impact of the import duty hikes may not be worth the negative effect it will have on India’s image as a relatively open economy.

Source: Mint September 27, 2018 08:07 UTC