business π€ India-NZ FTA signed; growth forecasts rise
India and New Zealand finalized a Free Trade Agreement this week, set to be effective on October 20th. The agreement grants Indian exporters duty-free access in New Zealand, while India conceded on 70% of tariff lines covering 95% of current trade value. Global agencies have raised India's FY26-27 growth forecasts, with four out of five now projecting at least 7%. Furthermore, chipmaker AMD joined the $1 trillion market-cap club, marking a significant business milestone. Banks are also preparing for potentially higher cash demand starting October 15th with the new UPI regime. π