Tag: How will EU’s 25% tax on India impact energy-intensive goods exports?

The European Union’s Carbon Border Adjustment Mechanism (CBAM) is set to impose a 25% tax on energy-intensive goods exported from India to the EU, representing 0.05% of India’s GDP. This new tax aims to create a level playing field for EU-manufactured goods, which comply with stricter environmental standards, and to reduce emissions from imports. However,…