India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign,

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

The Narendra Modi government has told the parliament that around 60% of Indian exports to the United States to the tune of $48.2 billion could be affected by 50% tariffs.

Amid US President Donald Trump's unpredictable foreign policy, Asian giants — India and China — are cautiously strengthening ties by staging a series of high-level bilateral visits.

India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China. The levy, if imposed, will start at 12%. It will be eased to 11.5% in the second year and to 11% in the third year,

Russia has offered India a 5% discount on crude oil purchases despite mounting U.S. pressure and sanctions linked to the Ukraine conflict. The move comes after U.S. President Donald Trump imposed a 50% tariff on Indian imports,

Mutual distrust remains deep but progress reflects pragmatic efforts on both sides to gain leverage in shifting global order, experts say.

President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,

Trump announced the new tariff in a post on his social media app Truth Social on July 30, two days before a bevy of increased reciprocal tariffs will go into effect for dozens of nations on Aug. 1.

Ecuador, meanwhile, is closely tracking tariffs on India to seize on business opportunities, but producers there will go slow on new investments amid uncertainty over whether India and the Trump administration could strike a tariff deal, said Jose Antonio Camposano, president of National Chamber of Aquaculture of Ecuador.