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flag India's economy grew 7.8% in June 2025 amid U.S. tariffs over Russian oil ties and stalled trade talks.

flag 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. flag 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. flag Trade negotiations resumed with a positive tone but remain blocked over U.S. demands for access to India’s sensitive agricultural and dairy markets. flag 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. flag Despite tensions, high-level diplomacy continues, with both nations reaffirming cooperation on defense, technology, and the Indo-Pacific.

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