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Government announces duty cuts on import of Steel and Plastics

submitted 3 Weeks ago, Thursday, Jun 9, 2022, 12:50:41 by nilanjansahacgr in Real Estate
Government announces duty cuts on import of Steel and Plastics
The recent move by the Government of India to reduce the import duty on steel and plastic products, have brought cheers to the real estate community. With inflation level hitting the middle class Indians, experts believe that it was a timely move that can improve the investor sentiment. The government has also focused on improving the cement supplies, through better logistics. The combined effect of these steps, can minimize the impact of an almost 40-45% inflation in raw materials, that both builders and consumers had to pay for previously.
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