India’s recent Budget has introduced what many are dubbing “Harley diplomacy,” as it significantly lowers the cost of premium motorcycles by reducing import duties, according to a ToI report. Ahead of Prime Minister Narendra Modi’s upcoming visit to the U.S., the Union Budget proposes a substantial cut in customs duties on fully assembled motorcycles with engine capacities over 1,600cc—from 50% to 30%. This decision favors luxury brands such as Harley-Davidson, Ducati, Honda, and Suzuki, making these high-end bikes more affordable for Indian consumers.
India Faces 35% Monsoon Deficit as Rainfall Stalls
India is currently facing a 35% deficit in southwest monsoon rainfall, raising concerns over agriculture, water availability, and the broader economy as the crucial rainy season struggles to gain momentum. The shortfall...
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