India must adopt tax moderation and targeted import curbs to boost exports and shield against the West Asia crisis. A report suggests restricting non-essential imports to protect domestic industries and foreign exchange. This strategy aims for macroeconomic fortification, moving beyond subsidies. Reducing non-essential imports is crucial for national security and economic resilience.

PMO urges ministries to propose measures for fuel savings and forex conservation amid West Asia crisis, including GST cuts on flex-fuel vehicles.

Mumbai, May 25 (PTI) Union Finance Minister Nirmala Sitharaman on Monday called for increased focus on 3Fs — fuel, fertiliser and forex — amid the West Asia crisis, underlining…