India as the world's next major trading bloc?
Prime minister trying to implement uniform service tax across all 29 states
New Delhi
A NEW common market is being formed. It has a bigger economy than the whole of sub-Saharan Africa, more states than the European Union (EU) has members, and twice the population of North America. It's called India.
For more than six decades since independence, India's 29 states have operated almost as separate countries. They set their own taxes, charged import duties on goods from neighbouring states, had their own politics, culture and even languages.
Prime Minister Narendra Modi is trying to change that, using his popularity to replace more than a dozen levies with a single…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Luxury sector outlook clouded by China’s slow recovery
TikTok CEO expects to defeat US restrictions: ‘We aren’t going anywhere’
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'
HSBC says growing Chinese wealth fuels client investments in US