World Economy

India to Trim Tariffs

India to Trim TariffsIndia to Trim Tariffs

India plans to pull its tariff regime closer in line with global norms to prepare for new regional trade pacts being negotiated by advanced economies. India has not been invited to join pacts such as the US-led 12 country Trans-Pacific Partnership (TPP) and is “not in a position to join,” partly because its tariffs are not competitive, Trade Secretary Rajeev Kher said.