Narendra Modi

India launches national tax amid business doubts

The Indian government on July 1 launched its biggest fiscal reform ever, promising a stronger economy and less corruption, but many businesses said they were confounded by the new single nationwide tax.

Prime Minister Narendra Modi held a special midnight session of parliament to launch the new goods and services tax (GST) which he called "good and simple."

India approves new defense policy to boost local companies

India's cabinet on May 24 approved a long-awaited policy to boost local manufacturing of high-tech defense equipment and cut down reliance on expensive imports.

Under the new Strategic Partnership model, the government will pick Indian companies to tie up with foreign organizations to manufacture fighter jets, armored vehicles, helicopters and submarines locally.

New momentum in Turkish-Indian ties

India is a country which is among the fastest growing countries in the world. The IMF and the World Bank forecast more than 7 percent annual growth for the next few years. With a population of 1.3 billion, which is set to pass China by 2050, it is a country that has gone to space and is a rising naval power with a nuclear submarine.

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