India could introduce more import curbs: finance ministry source

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India will before long report ventures to support sends out, while not discounting further import checks, a senior back service source said on Thursday.

India on Wednesday raised import levies on 19 “insignificant things”, in an offer to lessen a broadening current record shortfall and handle an emotional slide in the rupee.

The back service expects the duty climb, on products including forced air systems, coolers, footwear and aeronautics turbine fuel, will raise 40 billion rupees ($551 million) every year, the source, who declined to be recognized, told columnists.

Another senior fund service official prior included the service saw no effect on Indian aircrafts from its choice to force a 5 percent import obligation on fly fuel, after offers of organizations including Jet Airways fell on Thursday.

The main source said the back service expects powerful financial development notwithstanding the fall in the rupee and rising unrefined petroleum costs, however would need to preserve its outside trade holds.

($1 = 72.5900 Indian rupees)

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