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The Indian economy is likely to grow closer to the upper end of the government’s projected range of 6.3-6.8% this financial year, buoyed by sweeping indirect tax reforms, chief economic adviser V. Anantha Nageswaran said.
India is moving fast on trade diplomacy. After concluding a Free Trade Agreement (FTA) with the United Kingdom, New Delhi is now closing in on a long-pending trade pact with the European Union (EU).
India and the UAE have set a target of $100 billion in bilateral trade by 2030, focusing on non-oil sectors. The goal was established during a recent meeting to enhance cooperation in emerging industries and improve trade data sharing under the CEPA.
The rupee slipped to 88.33 against the US dollar during trading on Monday. This breached the previous record low of 88.3075 touched last Friday.