An India-China trade war? Modi fans the flames of boycott calls

Indian traders calling for a boycott of China-made products have been encouraged by an interview in which Prime Minister Narendra Modi says the matter is for the public to decide.“As far as public sentiment on Chinese goods is concerned, we should leave it to their sooj-bhooj [wisdom]. We, including the media, should guide the public,” Modi told Network18 last week, in comments that have played into the hands of the influential Confederation of All India Traders (CAIT), which has 70 million… Source link

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India’s central bank delivers pre-election rate cut prime minister Narendra Modi was hoping for

India’s new central bank chief delivered an unexpected interest rate cut, providing Prime Minister Narendra Modi with the kind of stimulus he needs to stoke economic growth in an election year. In a sharp reversal from October, when the Reserve Bank of India took rate cuts off the table, governor Shaktikanta Das – who took office in December – opened the door to more policy easing and brought growth firmly back onto the Monetary Policy Committee’s agenda. That was a departure from his predecessor Urjit Patel, whose singular aim was…

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