India should propose a 'zero-for-zero' tariff strategy to the US for addressing America's proposed reciprocal tariff hikes, as it would be less harmful than negotiating a full bilateral trade agreement,

India’s top officials said they will continue to cut import taxes as the government looks to work around US President Donald Trump’s plan to impose reciprocal tariffs on trading partners.Weeks after she unveiled sweeping cuts to duties on imports from textiles to motorcycles,

The Indian economy is mainly driven by domestic demand, and has substantial services exports, which is not going to be targeted by the Trump Administration, according to S&P Global Ratings.