{"id":27193,"date":"2018-10-23T11:50:33","date_gmt":"2018-10-23T06:20:33","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=27193"},"modified":"2018-11-22T10:42:30","modified_gmt":"2018-11-22T05:12:30","slug":"think-big","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/think-big\/","title":{"rendered":"Think big"},"content":{"rendered":"<p><u>Think big<\/u><\/p>\n<p><strong><u>Article<\/u><\/strong><\/p>\n<ol>\n<li>Recent decision of Centre to increase customs duty on 19 \u201cnon-essential\u201d items is just improving the margins and not addressing the structural macroeconomic issue.<\/li>\n<\/ol>\n<p><strong><u>Important Analysis<\/u><\/strong><\/p>\n<ol start=\"2\">\n<li>Using tariffs to curb imports of these items will not have a significant impact on narrowing the current account deficit (CAD) as these imports constitute less than 3% of the country\u2019s merchandise import bill in 2017-18.<\/li>\n<li><u><strong>Impact of the move<\/strong><\/u><\/li>\n<\/ol>\n<ul>\n<li>Doubling import duties on consumer durables could dampen consumption of these products<\/li>\n<li>5% custom duty on aviation turbine fuel further adds to stress of domestic airline operators<\/li>\n<\/ul>\n<ol start=\"4\">\n<li><u><strong>Long term measure required<\/strong><\/u><\/li>\n<\/ol>\n<p>Boost exports and reduce the import-intensity of the economy<\/p>\n<p><strong>Conclusion<\/strong><\/p>\n<p>In the wake of rising global crude oil prices and sanctions on Iran that may affect India\u2019s energy import bill, the government will need to act without delay to address the structural imbalances to restrict the CAD under 3% of GDP level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Think big Article Recent decision of Centre to increase customs duty on 19 \u201cnon-essential\u201d items is just improving the margins and not addressing the structural macroeconomic issue. Important Analysis Using tariffs to curb imports of these items will not have a significant impact on narrowing the current account deficit (CAD) as these imports constitute less&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/think-big\/\">Continue reading <span class=\"screen-reader-text\">Think big<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[944,558],"class_list":["post-27193","post","type-post","status-publish","format-standard","hentry","category-test-1","tag-current-account-deficit-cad","tag-oil-prices","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704931571},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=27193"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27193\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=27193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=27193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=27193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}