Import duty concessions on the industrial inputs directly benefit the

Import duty concessions on the industrial inputs directly benefit the

Answer Details

Import duty concessions on industrial inputs directly benefit the manufacturers. When a country reduces or eliminates import duties on industrial inputs, it becomes cheaper for manufacturers to import the raw materials and other inputs they need to produce their goods. This reduces the cost of production, which can allow manufacturers to sell their products at a lower price, making them more competitive in the market. As a result, manufacturers can increase their output and generate more revenue, which can also create job opportunities.