Economy News ( English version)

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  • Tariff rationalisation set to continue, more steps likely in FY28 Budget: FM August 6, 2026
    Finance Minister Nirmala Sitharaman confirmed ongoing import tariff rationalisation efforts. Further measures are expected in the budget for the year 2027-28. She also outlined the Viksit Bharat vision for the year 2047. This vision includes zero poverty and universal access to education and healthcare. India's destiny is to become a developed civilisat […]
  • India can raise per capita income six-fold by '47: NITI Vice Chairman August 6, 2026
    India's per capita income could rise six-fold by 2047. This growth would make the nation a developed economy. Higher investment and domestic savings are critical for sustained economic growth. Structural reforms are needed to remove investment obstacles. Achieving this goal requires attracting investment and boosting savings.
  • Parl panel for early conclusion of India-US trade pact, tariff exemptions on key goods August 6, 2026
    The panel suggested the commerce department prepare a time-bound roadmap to achieve the objectives of the Mission 500 initiative by promoting trade in goods and services, encouraging investment, enhancing cooperation in critical technologies, improving supply chain and addressing both tariff and non-tariff barriers faced by Indian exporters and prepare a lon […]
  • India may rationalise most customs tariffs by Budget 2027-28, Nirmala Sitharaman says August 6, 2026
    India's finance minister announced plans to streamline customs tariffs, aiming for a significant overhaul by the fiscal year 2027-28. This move is expected to simplify trade procedures and potentially boost economic activity by making imports and exports more predictable and cost-effective for businesses across various sectors.
  • India, Brazil must join hands to defend multilateralism amid tariffs: Brazilian Trade Minister Márcio Fernando Elias Rosa August 6, 2026
    Brazil's Industry Minister urged India to jointly defend multilateralism and the WTO. He highlighted the need to counter unilateral tariff impositions by the United States. Brazil seeks to diversify export markets, with India being a key priority. Brazilian companies are also keen to invest in Indian energy and infrastructure projects. Cooperation on fe […]

 

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