• Reuters, Bloomberg

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India on Saturday raised taxes on imports of goods including electronics, toys and furniture, aiming to give impetus to domestic manufacturing in a move that will hit Sweden’s IKEA and other foreign firms.

The measures, announced by Finance Minister Nirmala Sitharaman in her budget for 2020-21, come amid criticism from some companies that India has increasingly resorted to protectionist rules that discriminate against foreign companies.

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