AI bubble burst ‘inevitable’, India-US trade ties strained by Lindsey Graham bill, says Finance Ministry report
The Finance Ministry report warned of an inevitable AI bubble burst and highlighted strained India-US trade ties due to a bill allowing 100% tariffs on Russian oil purchases. Despite global economic uncertainties, India's growth remains steady, supported by strong domestic consumption. The report emphasized the need for a competitive economy, improved governance, and noted retail inflation at 4.82%.