Indian shares opened lower on Thursday after the U.S. imposed an extra 25% tariff on Indian exports, stoking concerns over the economic impact of worsening bilateral ties.

President Trump vowed Monday to “substantially” jack up the US tariff on imports from India due to New Delhi’s continued purchase of Russian oil as Moscow’s invasion of Ukraine grinds

India's Prime Minister Narendra Modi speaks during a joint press statement with European Commission President Ursula von der Leyen at the Hyderabad House in New Delhi, India, February 28, 2025. REUTERS/Altaf Hussain/File Photo (Reuters) -Indian Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country's farmers even if he has to pay a heavy price for it,