Modi gives tax boon to India's economy amid Trump tariff tensions
CNBCยท2025-08-18 12:21
The Nifty 50 index advanced 1%, with the BSE Sensex adding 0.84%. In currencies, the U.S. dollar surrendered 0.18% against the rupee. Narendra Modi, India's prime minister, during the nation's Independence Day ceremony at Red Fort in New Delhi, India, on Friday, Aug. 15, 2025. Indian markets rallied on Monday as Prime Minister Narendra Modi's recently revealed tax cuts extended a gift to a domestic economy that still faces the teeth of U.S. tariffs. In an extensive Independence Day speech on Friday, Prime M ...