BofA Securities anticipates Nifty 50 fluctuations, projecting a year-end target of 25,000 amidst uncertainties like potential US trade tariffs and a shaky US economic outlook. While S&P Global Ratings upgraded India’s sovereign credit rating, the brokerage expects Nifty earnings to grow moderately, with markets potentially facing short-term corrections.

Indian business circles are happy with Prime Minister Narendra Modi’s plan to change the Goods and Services Tax. The government plans to simplify GST by reducing tax rates. Most items will move to lower tax brackets. Experts say this will boost demand and help small businesses. The changes are expected to make exports more competitive

India is strategically focusing on manufacturing mature-node chips (28nm-65nm) to address the rising demand in automotive, telecom, and industrial sectors. The government’s Semicon India Programme, with significant financial incentives, is attracting manufacturers and fostering a local supply chain.

Nearly 70% of Indian goods exports to the US face a 50% tariff, impacting labor-intensive sectors like textiles, gems, and agriculture. ICRIER advises smart negotiations, targeted relief, and export market diversification. Despite the challenges, India aims to maintain its global economic position, addressing concerns while safeguarding national interests and energy security.

Asian markets presented a mixed bag as robust Japanese growth contrasted with disappointing Chinese economic data. Japan’s economy exceeded expectations, while China faced concerns over retail sales, industrial production, and real estate. Oil prices dipped ahead of the US-Russia summit, with traders wary of potential sanctions on Russian oil.

Prime Minister Modi announced upcoming GST reforms aimed at easing the burden on citizens, farmers, and MSMEs. The proposed changes include a simplified two-slab structure and rate rationalization. These reforms focus on structural improvements, rate adjustments, and enhancing the ease of living, with implementation expected this financial year.

Prime Minister Modi unveiled an ambitious plan to achieve energy self-reliance for India, emphasizing nuclear power expansion with ten new reactors and a tenfold capacity increase by 2047. The National Deep Water Exploration Mission will identify offshore oil and gas reserves.

Following Bangladesh’s decision to allow duty-free rice imports, Indian rice prices have surged by up to 14% in two days. Traders are rapidly exporting to Bangladesh, causing a temporary domestic supply disruption and pushing up retail prices of key varieties. Despite increased exports, India’s rice stocks remain robust, potentially aiding market recovery from a global