India - Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in India was 51.96 as of 2020. Its highest value over the past 24 years was 51.96 in 2020, while its lowest value was 49.10 in 2008.

Definition: Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.

See also:

Year Value
1996 49.61
1997 49.61
1999 49.61
2000 49.61
2001 49.61
2002 51.16
2003 49.38
2004 49.40
2005 49.38
2006 49.35
2007 49.17
2008 49.10
2009 49.12
2010 49.11
2011 51.45
2012 51.40
2013 51.38
2015 51.93
2016 51.93
2017 51.96
2018 51.96
2019 51.96
2020 51.96

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs