India to continue customs tariff rationalisation in Budget 2027-28

Finance Minister Nirmala Sitharaman said the government will continue rationalising customs tariffs in Budget 2027-28, aiming to reduce rates to single digits for all but 13 items. Speaking at an NCAER event, she reaffirmed the commitment to simplifying India's duty structure, a process that has accelerated in recent budgets. Experts welcomed the move, citing benefits for ease of doing business and manufacturing competitiveness.