India and the European Union are nearing a free trade agreement that could slash import duties on automobiles, including electric vehicles, to 10-15%. This move is anticipated to boost European luxury EV sales in India and position the country as a competitive manufacturing hub for these vehicles.
Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutral
The Reserve Bank of India has introduced measures to boost foreign currency inflows, including incentives for external commercial borrowings and bearing hedging costs on FCNR(B)