The resilience of India’s external sector has been a key contributor to its stable macroeconomic environment amid a global trade environment shaped by tariff adjustments and increased uncertainty, according to the Finance Ministry’s ‘Monthly Economic Review’, adding that the country has unleashed bold reforms to mitigate the impact of global uncertainties. Persistent shocks such as…
Why Stock Market Is Rising Today: Indian stock markets rallying high at midday on Monday, August 18, supported by two major positives. First, Prime Minister Narendra Modi’s announcement of next-generation GST reforms expected by Diwali 2025. Second, S&P Global Ratings upgrading India’s sovereign credit rating from ‘BBB-’ to ‘BBB’ with a stable outlook. By 12:40 PM,…
Industry body FICCI has welcomed Prime Minister Narendra Modi’s 79th Independence Day address to the nation, which highlighted the need for all stakeholders to work together towards making India a self-reliant economic powerhouse. Applauding the announcement of GST reforms as a Diwali gift this year, FICCI noted the upcoming reforms will reduce the tax burden…