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India is generating more solar electricity, burning far fewer fossil fuels and electrifying transport faster than China did at an equivalent GDP per capita. While China’s ‘digital yuan’ has largely been propelled by wholesale and institutional use cases, India’s ‘e₹’ pilot has been driven mainly by retail demand, leveraging the country’s large digital payments ecosystem. This distinction matters, as retail-led adoption creates a broader user base and daily transaction familiarity, which is crucial for scaling cross-border use later. The value of India’s e₹ transactions has grown over 4 times y-o-y, from $26 million in 2024 to $112 million in 2025. Meanwhile, India has already built the world’s second-largest CBDC pilot, crossing $111.8 million in transaction value by March 2025, driven largely by domestic retail usage. In India, electric vehicles accounted for 5% of new car sales in 2024.
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The US remains India’s largest export destination, and the tariffs have forced exporters to look aggressively for alternative markets. All the toys item other than Vehicle and Outdoor Category are eligible for free replacement/refund, within 7 days of delivery, in an unlikely event of damaged, defective or different/wrong item delivered to you. This item is eligible for free replacement, within 7 days of delivery, in an unlikely event of damaged, defective or different item delivered to you. From this realization, India may begin to make more choices about its partnerships, recognizing that it isn’t possible to maintain equal ties with all indefinitely.
Carney said there would be an initial annual cap of 49,000 vehicles on Chinese EV exports to Canada, growing to about 70,000 over five years. China will reduce its total tariff on canola seeds, a major Canadian export, from 84 per cent to about 15 per cent, as per CBS News. Canada has agreed to cut its 100 per cent tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, CBS News reported.
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This gap is widening as solar and battery costs fall along predictable learning curves, while coal power becomes more expensive with declining utilisation. This energy path avoids deep fossil fuel dependency while positioning the country to supply electrotech to the world. The latest data of CBDCs from various central banks show that China and India are far ahead of other BRICS peers in CBDC innovation and adoption. Neither India nor China is pursuing electrification primarily to meet climate targets, Bond said. Instead, the shift is being driven by economics — particularly for India, which imports more than 40% of its primary energy in the form of coal, oil and gas, according to the International Energy Agency.
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