The Indian government is stepping in to assist its steel industry, which faces significant challenges due to the European Union’s carbon tax regulations. This tax is designed to reduce carbon emissions but has inadvertently placed a burden on steel exporters. 💰⚖️ By providing support, India aims to maintain its position as a key player in the global steel market, ensuring that local manufacturers can continue to thrive despite external pressures. The initiative reflects India’s commitment to balancing environmental responsibilities with economic growth. 🌱📊