External Affairs Minister S. Jaishankar defended India’s oil imports from Russia, saying, “At the end of it all, we make decisions that are in national interest.”
Amid the high tariffs imposed by US President Donald Trump on Indian goods, India's current account deficit (CAD) is expected to remain under 1 per cent during the current financial year.
Days after Trump announced 50% tariff on imports from India for buying Russian oil, the Modi government has reportedly put on hold the plans to procure new weapons and aircraft from the USA.
Chinese government mouthpiece, Global Times, which has a history of peddling anti-India narratives, has now been talking about development and friendship with India. From hawkish tones to softened rhetoric, it seems that Beijing does not want to miss the opportunity to bolster ties with India, in the face of Trump’s tariff imposing spree.
"For us, the interest of our farmers is our top priority. India will never compromise on the interests of farmers, fishermen and dairy farmers. I know we will have to pay a heavy price for it, and I am ready for it. India is ready for it," PM Modi said while addressing the MS Swaminathan Centenary Conference.