Indian Prime Minister Narendra Modi addressed the nation during Independence Day celebrations at the historic Red Fort in Delhi. Reflecting on last year’s speech, Modi spoke for over 100 minutes, pledging to protect farmers amid trade tensions with the U.S. This year, he faces new challenges following youth protests that led to the education minister's resignation, with a focus on job opportunities and inequality.

Vietnamese President To Lam, who became general secretary of the Communist Party in 2024, continues his diplomatic outreach with visits to Australia and New Zealand. During his tour from Sunday to Friday, To Lam is expected to meet Australian Prime Minister Anthony Albanese to discuss deepening economic and strategic ties. The trip builds on the Vietnam-Australia Comprehensive Strategic Partnership established in 2024, prioritizing cooperation in science and technology, innovation, digital transformation, resilient supply chains, energy, infrastructure, food security, trade, investment, and education. Multiple bilateral agreements are anticipated to be signed with both countries.

Meanwhile, the Bank of Japan is set to release its summary of opinions from its most recent monetary policy meeting held on July 30 and 31. Bank of Japan Governor Kazuo Ueda had previously highlighted "meaningful upside risks" to inflation. Additionally, India’s central bank predicted inflation to be 5% for the fiscal year through March 2027, with a slowdown expected after the third quarter, remaining within the Reserve Bank of India’s tolerance band of 2% to 6%.