Donald Trump has imposed a staggering 50% tariff on most US imports from India, escalating tensions between the two nations and threatening significant economic fallout. As India stands firm on its Russian oil purchases, the trade landscape faces uncertainty and potential disruption.
Indian Prime Minister Modi promises a substantial tax bonanza ahead of Diwali, aiming to revitalize the economy and support small businesses. Amid global tariff challenges, can these reforms boost consumption and self-reliance?
In a surprising move, India's central bank cut its benchmark interest rate to 5.5%, the lowest since August 2022. This decision, driven by softening inflation and lower growth, raises questions about future monetary policy as the economy adapts to global challenges.
