India currently imposes substantial tariffs on most of its international trading partners. On all of its trade the average tariff rate is about 15%. It imposes higher tariffs on certain industries such as automobile manufacturing, pharmaceuticals, and agriculture. It also imposes higher tariffs on certain countries as an anti-dumping measure, especially China. In its 2023-24 Annual Budget, the Indian government increased tariffs on several items, including private jets, helicopters, plastic goods, jewelry, high-gloss paper, and vitamins.