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The Indian economy is the sixth largest in the world in market exchange rate terms and third measured in purchasing power parity. That makes the growth rate of over 7 per cent over the last year all the more remarkable. India is the fastest growing major economy in the world.

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President Donald Trump said he sees his threat to impose global auto tariffs as his biggest weapon to extract concessions from trading partners, shedding more light on his broader trade policy strategy.

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