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.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
EU and Asean at 50: time for bold action
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister