India Makes Strategic Move to Boost Electronics Production with Import Tax Cuts

In a significant development aimed at bolstering its electronics manufacturing sector, India has announced a reduction in certain import taxes. This decision comes as part of the government's ongoing efforts to enhance domestic production capabilities and reduce reliance on foreign imports in the booming electronics industry.

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India's Current Account Gap Remains Steady Amid Revised Figures

India's current account deficit for the July to September quarter has remained flat following a revision of earlier estimates, according to recent reports. The Reserve Bank of India's data indicates that the gap was approximately $9.2 billion, equating to 1.1% of the country's Gross Domestic Product (GDP). This figure matches the revised accounts of the previous quarter, revealing a stabilization in economic dynamics.

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