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Economy · 2 stories · About 1 minutePublished 7:00 am IST

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  1. 03EconomyThe Guardian reports: US-China economic tensions persist despite fragile trade truceThe current calm masks underlying risks as focus shifts toward other issues, including AI and democratic stability.
  2. 05EconomyIndia's gross GST collections rise 23 percent to over ₹2.31 lakh croreThe 42 percent surge in import revenues, alongside steady domestic growth, signals strong transaction volumes.
Economy03 / 06

The Guardian reports: US-China economic tensions persist despite fragile trade truce

What happened

A truce has cooled the trade conflict between the US and China, but neither country has taken action to limit potential new hostilities. While trade war headlines have subsided, concerns over tariffs remain as the US president continues to link trade deficits to interest rate demands.

Why it matters

The current calm masks underlying risks as focus shifts toward other issues, including AI and democratic stability. This relative quiet obscures a trajectory toward broader economic conflict that could pose significant risks to global business and financial stability.

Bigger picture

Historical trends suggest that unresolved structural economic friction between global powers can escalate into real-world conflict. The persistence of these underlying tensions indicates that the public trade truce does not represent a long-term resolution.

Watch next

Monitor for renewed US tariff threats or policy changes linked to trade deficit targets and Federal Reserve interest rate discussions.

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Economy05 / 06

India's gross GST collections rise 23 percent to over ₹2.31 lakh crore

What happened

India reported a 23 percent increase in gross Goods and Services Tax (GST) collections for October, reaching over ₹2.31 lakh crore. Domestic sales contributed over ₹1.59 lakh crore, a 16 percent rise, while import-related revenues climbed 42 percent to ₹72,246 crore.

Why it matters

The 42 percent surge in import revenues, alongside steady domestic growth, signals strong transaction volumes. This dual performance suggests robust underlying demand across both local commerce and international inbound trade, effectively accelerating total public revenue for the month.

Bigger picture

The data reflects sustained economic activity, providing a granular look at the current momentum in domestic consumption compared to external trade patterns as captured by the indirect tax framework.

Watch next

Watch upcoming monthly GST data to determine if the current import revenue momentum and overall 23 percent collection growth rate hold throughout the fiscal period.

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