New Delhi’s frayed ties with Washington have added to a thaw in the frosty relationship with Beijing that began last year.

On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money.

Saurabh Mukherjea, Founder and CIO of Marcellus Investment Managers says India's biggest GST revamp in 8 years is "much needed" which will help boost the Indian economy. However, he doesn't think it will entirely neutralize Trump's tariffs if they were to stay at 50%.

Move reflects India’s desire to insulate itself from foreign currency fluctuations and could reduce country’s reliance on US dollar, analysts say.

U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.

Reciprocal tariff at the rate of 25 per cent has been imposed on certain goods exported from India to the US, starting from August 7.

China’s Foreign Minister Wang Yi and India’s Jaishankar met in New Delhi to respond to President Trump’s sweeping tariffs, with Wang calling them “overwhelming bullying.” Amid rising U.S. pressure, both nations reaffirmed their resolve to rebuild bilateral cooperation.

Farmers are a key political constituency in India and they violently protested against Modi's last big push to reform the sector, forcing him to repeal three farm laws in 2021 in what was a rare defeat for him.