India's May silver imports tumble 82% after curbs | TheBriefWire
India's May silver imports tumble 82% after curbs
Published 17 June 2026 ยท india
Synopsis May witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and
Synopsis May witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and require licenses for incoming shipments. This strategy was prompted by unprecedented levels of silver imports in the last fiscal year, reflecting a clear intent to regulate the market.
Published: June 17, 2026 โข 3:15 PM IST ยท Updated: June 17, 2026 โข 4:05 PM ISTBy TheBriefWire Editorial Team
Key points
Synopsis May witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and require licenses for incoming shipments.
This strategy was prompted by unprecedented levels of silver imports in the last fiscal year, reflecting a clear intent to regulate the market.