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Mr Modi did not mention the tariffs or the US in his speech that lasted nearly two hours. Last week, US president Donald Trump imposed an additional 25 per cent tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations.

During his Friday speech, Modi also hinted India would continue its unilateral suspension of the Indus Water Treaty. The treaty, which India suspended after the April massacre, allows sharing of the Indus River that runs about 2,897 kilometers (1,800 miles) through South Asia and is a lifeline for both countries.

India expects consumption tax cuts announced by Prime Minister Narendra Modi will give a boost to the economy without hurting the government’s fiscal deficit, helping to offset the fallout from higher US tariffs.

Russian President Vladimir Putin and India's Narendra Modi will meet in New Delhi by the end of year, but no dates have been finalised yet, a Russian embassy official in India said on Wednesday.

Prime Minister Narendra Modi had been moving to align India with the United States and freeze out China. Now, efforts to rebuild ties between the Asian giants are gaining momentum.

India's Prime Minister Narendra Modi said he had held a phone call with Russian President Vladimir Putin on Monday and looked forward to continued exchanges in the days to come.

Our indigenous semiconductor mission is praiseworthy, but we still risk being left behind in this race. Let’s mobilize domestic private capital to invest in technology leaders and gain board influence globally.

NEW DELHI (Reuters) -Indian Foreign Minister Subrahmanyam Jaishankar and his Chinese counterpart Wang Yi on Monday discussed border peace, trade issues and bilateral exchanges, aiming to strengthen cooperation between the two countries.