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Mint Explainer: Why is India using import curbs as a policy tool?

News Snapshot:

India's new import restrictions on laptops, tablets and personal computers, with some exemptions, will kick in on 1 November, according to orders issued earlier this month. Reports have suggested that use of import restrictions as a policy tool could also be expanded to cover other electronic items. Mint takes a look at the intent behind the import restrictions. What is the macroeconomic imperative for import restrictions? India has been trying to accelerate its economic growth rate after the pandemic through various policy measures, such as the government taking the lead on capital expenditure in the hope of attracting private investments….

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