Prime Minister Modi highlighted that developed nations have six times higher per capita carbon emissions than India, urging fairer responsibility assessments for developing countries.
The traders are particularly concerned because many of their transactions routinely exceed Rs.2,000 and they say absorbing an additional payment cost could put pressure on already thin margins.
HDFC Securities believes Indo-MIM is well placed to benefit from global supply-chain diversification, particularly the China+1 manufacturing shift, given its strong presence across India, the US and Europe.
