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.
Listing the new taxes, the government said they were in line with Prime Minister Narendra Modi's "Make in India" program aimed at promoting domestic industry.
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