Indian equity markets are set for a choppy week ahead as investors brace for any new development on escalating trade tensions with the United States, besides the release of key domestic inflation data for July.
Countries should respond collectively to the latest tariffs imposed by the United States administration rather than pursuing separate bilateral deals, according to investment strategist Chris Wood.
He has repeatedly claimed credit for brokering peace deals, such as the Abraham Accords, which normalised relations between Israel and some Arab countries. Trump has also claimed to have brokered a ceasefire between India and Pakistan, although this claim has been disputed by India. Despi
Kristensen dismissed the notion that India is a "dead economy," citing its status as the world's fastest-growing economy. He pointed to the ongoing negotiations between the EU and India on a free trade agreement as a testament to India's economic potential.
India's strong domestic demand and the robust performance of its services sector will help cushion the economic impact of steep new US tariffs imposed as a penalty for continued imports of Russian crude oil, according to a report by Moody's Ratings.
The recent move by the U.S. President to raise tariffs on Indian goods to 50 per cent, on top of the existing Most Favoured Nation (MFN) import duties, is set to hit several Indian export sectors hard, according to a report by the Global Trade Research Initiative (GTRI).
Prime Minister Narendra Modi received a telephone call from Brazil, Luiz Inacio Lula da Silva, on Thursday, with the two leaders exchanging views on various regional and global issues of mutual interest and reiterating their commitment to take the Strategic Partnership to new heights
"Trump is imposing tariffs on 140 crore Indians. We need to stand behind our Prime Minister so that India remains strong and a message goes out to the world that India stands united, be it Operation Sindoor or be it US tariffs on India," Dubey told ANI.
Congress MP Karti Chidambaram on Thursday questioned the Prime Minister Narendra Modi-led government's claims of a "special relationship" with US President Donald Trump, saying that the recent hike in tariffs by US was proof that the diplomatic engagement had broken down.
AIMIM chief Asaduddin Owaisi on Thursday slammed US President Donald Trump for imposing an additional 25 per cent tariff on Indian goods, calling it "bullying by the buffoon-in-chief."
"We have been absolutely unsuccessful in our foreign policy. We haven't been able to double the income of our farmers as promised. The youth are unemployed. Our country, our economy, our farmers, and our youth are under threat. India has been cornered from all four sides," SP chief Akhile