Will import tariff hike in the union budget?

As the Indian rupee continues to grapple with historic lows against the US dollar, the upcoming Union Budget 2025 could see the government raising import duties to curb dollar demand and support domestic industries. Experts opined that this move could bolster the Indian economy. Notably, the rupee recently touched an all-time low of 86.70 against the dollar on January 13, marking its steepest single-day fall in nearly two years.