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India aims to reduce compliance hurdles for UPI in cross-border payments, seeking Financial Action Task Force’s (FATF) support to enhance its global use and competitiveness in the international payments market.
Rising economic fundamentals, a strong manufacturing sector, and a growing middle class position India as a key player in the global economy despite external challenges.
India's steel industry remains largely unaffected by Trump's tariff hike from 10% to 25%, as exports to the US are minimal, and the domestic market remains strong, per steel secretary Sandeep Poundrik
As investors braced for economic fallout from Trump’s tariff policies, technology stocks bore the brunt of the downturn, with the Nasdaq Composite suffering its worst single-day loss since 2022, plunging 4%.
The GST Council, headed by Sitharaman and comprising her state counterparts, in September 2021, set up a group of ministers (GoM) to rationalize GST rates and suggest changes in slabs. The GoM comprises finance ministers of 6 states.
The two nations have committed to negotiating a multi-sector Bilateral Trade Agreement by the end of 2025, aiming for an ambitious $500 billion in annual trade by 2030 as India announces to its plans to reduce tariffs on key American exports.
Acknowledging that the proposed tariffs could impact India, the Finance Minister said Commerce Minister Piyush Goyal is currently in discussions with top US officials to address the issue.
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