India booms despite 50% US tariffs

US-India Trade Relations - US 50% tariffs have caused a decline in India's exports to the US for two straight months [1] - A trade deal with the US, India's biggest partner, is still pending, but a resolution may be near [4] - The US and India are close to a deal that benefits both parties [4] Indian Economy - Despite headwinds, the Indian economy is growing at over 8% [1] - India's economy is currently the fastest-growing among major economies [2] - The rupee is at record lows, impacting businesses and investors [1] Government Initiatives - Prime Minister Modi has implemented measures to counter high tariffs [2] - Tax breaks are being used to stimulate domestic spending [2] - New labor laws provide companies with greater flexibility in hiring and firing [2] - Modi has promised further reforms to improve the ease of doing business and attract foreign investment [3] International Relations - India is exploring opportunities globally, including easing tensions with China [3] - India has improved its relationship with Canada, signaling a willingness to do business [3]