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.

The Indian prime minister has said his country "is ready" to react to President Donald Trump's additional 25 percent levy on goods entering the U.S.

The Trump administration’s proposed high tariffs on Indian imports raise concerns about the U.S.-India partnership. But the rates seem to be part of a negotiating tactic aimed at concluding a trade