Import tariffs to be further lowered -- Sinha

Import tariffs to be further lowered -- Sinha

JAN 25: Import tariffs, already brought down to 35 per cent, will be lowered further nothwithstanding the total dismantling of quantitative restrictions from April 1, this year, Finance Minister Yashwant Sinha said today.

At the time of independence, India had a miserable life expectancy of thirty-two years. This had nearly doubled to sixty-two now, he said. Elaborating on the progress made by India, he said most importantly its GDP growth rate has risen to five per cent in the 1980s and to 6.5 per cent in the nineties.