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India's economy grew 7.8% in June 2025 amid U.S. tariffs over Russian oil ties and stalled trade talks.
India's economy grew at 7.8% in the June 2025 quarter despite U.S. tariffs on Indian imports over continued Russian oil purchases and stalled trade talks, with India cutting taxes to boost domestic spending.
The U.S. imposed 25% tariffs, later increased to 50%, citing trade imbalances and India’s oil ties with Russia, which supplies nearly 40% of its crude.
Trade negotiations resumed with a positive tone but remain blocked over U.S. demands for access to India’s sensitive agricultural and dairy markets.
The Trump administration introduced a $100,000 H-1B visa fee, heavily impacting Indian professionals, while the rupee hit a record low and gold reached an all-time high amid economic pressures.
Despite tensions, high-level diplomacy continues, with both nations reaffirming cooperation on defense, technology, and the Indo-Pacific.
La economía de la India creció un 7.8% en junio de 2025 en medio de los aranceles de Estados Unidos sobre los lazos petroleros rusos y las negociaciones comerciales estancadas.