Union Electronics and IT Minister Ashwini Vaishnaw emphasised that the projects are expected to reduce India’s electronics import bill by ₹18,000–20,000 crore annually, while enabling domestic value addition of up to 40 percent — on par with China’s current levels. In a significant move to strengthen India’s electronics manufacturing ecosystem, the government has approved seven…
Strong demand and solid external finances support rating; high debt and fiscal gaps remain key constraints, Fitch says Fitch Ratings on Monday affirmed India rating at BBB- with a stable outlook on the back of robust growth and solid external finances. The credit rating agency mentioned that the fiscal metrics are a credit weakness, with…
On Thursday, President Trump unveiled a reciprocal plan to impose a 10% tariff on imports from all countries entering the US. He imposed a 34% tariff on China. China’s Ministry of Finance has announced that it will impose an additional 34% tariff on all US goods, effective April 10. This action is a direct…