<h1>India's Growing Role in Global Trade Amid Trade War; Ethical Business Practices and Challenges Highlighted by Finance Minister.</h1> The ongoing global trade war presents opportunities for India to become a larger trading and manufacturing hub, according to the Finance Minister. While initial instability was noted, the situation could eventually benefit Indian products in the US market. Rising oil prices pose a challenge, given India's heavy reliance on crude imports. The minister emphasized ethical business practices and tax compliance, highlighting the Insolvency and Bankruptcy Code's role in closing doors on unethical operators. He stressed the need for businesses to adopt a culture of ethics and responsibility towards lenders, ensuring a sustainable and fair business environment.