Bloomberg India’s stock market boom is fanning out to the country’s hinterland. Flows into mutual funds from towns outside India’s 15 biggest cities surged 41 percent to a record 3.1 trillion rupees ($48 billion) at the end of March, according to the latest data from the Association of Mutual Funds in India. And half of this money flowed into equity ...

Bloomberg Prime Minister Narendra Modi’s government is set to dramatically reshape Asia’s third-largest economy with the biggest tax reform since independence in 1947. After finding common ground among India’s 29 states, the finance ministry released detailed rates for the incoming goods and services tax, slotting more than 1,200 items — from sugar to steel pipes and motorcycles — into five ...

Bloomberg Japanese exports expanded for a fifth consecutive month in April, with shipments to China surging as global demand continued to support the nation’s economic recovery. Exports rose 7.5 percent from a year earlier (median estimate +8.0 percent), according to data released by the Ministry of Finance. Imports jumped 15.1 percent (median estimate +14.8 percent). The trade surplus was 481.7 ...