INDIA CHINA Connect

India's outward remittances under the Liberalised Remittance Scheme (LRS) fell 17.7% YoY in August 2025, reaching $2.6 billion, mainly due to reduced spending on international travel and education amid US visa restrictions.

The implementation of GST 2.0 has significantly boosted India's automotive industry, doubling car sales to over 500,000 units within a month. Festive season sales reached 650,000–700,000 units, with top automakers like Maruti Suzuki, Tata Motors, and Hyundai recording exceptional growth.

Diwali 2025 marked a record-breaking ₹6.05 trillion in sales, with significant growth driven by the "Vocal for Local" campaign, reduced GST rates, and high consumer confidence.

India is adopting a stronger, strategic approach to free trade agreements (FTAs), prioritizing national interests and avoiding imbalanced deals, said Commerce Minister Piyush Goyal.

The Jain community, led by the Jain International Trade Organisation (JITO), leveraged its collective buying power to secure ₹21 crore in discounts on 186 luxury cars from brands like BMW, Audi, and Mercedes.

Faith-based technology startups are thriving during the festival season, with platforms like Astroyogi, AstroSage AI, and AstroSure.AI witnessing massive growth in consultations, user engagement, and sales of spiritual products like puja kits and gemstones.

Saudi Arabia has abolished the decades-old Kafala system, a controversial labour sponsorship model, benefiting 13 million migrant workers, including 2.6 million Indians.

AMIES Technology, a recent spin-off from SMEE, is bolstering China’s semiconductor ambitions by showcasing advanced lithography and packaging tools at the WeSemiBay Expo 2025.

Dear Readers, As the festival of lights brightens the world around us, we at INDUQIN extend our warmest wishes to you and your loved ones. Diwali is a time of joy, reflection, and renewal—a celebration of the triumph of light over darkness, knowledge over ignorance, and hope over despair. At INDUQIN, our mission has always been to foster meaningful connections, share insightful knowledge, and build bridges between India and China, two of the world's most dynamic civilizations

The IMF raised India’s 2025-26 growth forecast to 6.6%, citing strong domestic performance offsetting U.S. tariff impacts.