Reserve Bank of India Governor Sanjay Malhotra stated on Wednesday that the increase in US tariffs is unlikely to significantly affect the Indian economy unless retaliatory tariffs are imposed. During a press conference following the monetary policy announcement, the RBI Governor remarked, “The ongoing uncertainty regarding US tariffs may not have a substantial impact on...
Former US Ambassador to the United Nations, Nikki Haley, has issued a strong criticism of President Donald Trump’s plan to impose high tariffs on Indian exports, cautioning that such a decision could jeopardize the US-India relationship at a pivotal moment. She advised Trump against allowing an ‘adversary’ like China to benefit while damaging ties with...
On Monday, India defended its energy trade with Russia following accusations from U.S. President Donald Trump, who claimed that New Delhi was benefiting from discounted Russian oil and threatened to impose higher tariffs. The Ministry of External Affairs issued a strong statement asserting that India’s imports are essential for providing affordable energy to its citizens,...