Supply-side matters

Over the next few days, to bolster RBI’s third series of steps—the first was on July 15—to keep the rupee under check, chances are the government will raise import duties on what are termed luxury products, iPhones or iPads for instance. What’s not clear, however, is how this is expected to help and, if so, by how much. For one, what can be considered consumer imports don’t really add up to much.

Read Full Story>>