India
Exalt’s New Delhi office is based here. Political and economic context, checked in October 2026.
Facts verified on 2026-10-21. Office holders and election dates change; check before relying on them.
India is the world’s most populous country and a federal union of 28 states and 8 union territories. Prime Minister Narendra Modi began a third term in June 2024 at the head of the National Democratic Alliance. His Bharatiya Janata Party is the largest party in the Lok Sabha but relies on coalition partners for a majority. Recent reforms include a simplified two-rate GST structure from September 2025, four consolidated labour codes brought into force in November 2025, and a new Income Tax Act. On trade, India concluded free trade negotiations with the European Union in January 2026, with formal signing expected later in the year. In February 2026 it agreed a framework for an interim trade agreement with the United States. India chaired BRICS in 2026 and hosted the leaders’ summit in New Delhi in September. It is also a member of the G20, the Quad and the Commonwealth. Key regulators include the Reserve Bank of India, SEBI and the Competition Commission of India.
- Ministry of External Affairs
- Ministry of Finance
- Ministry of Commerce and Industry
- Reserve Bank of India
- Securities and Exchange Board of India (SEBI)
- NITI Aayog
