US President Donald Trump has threatened to double import duties on India from 25% to 50% to punish New Delhi for buying oil from Russia, saying the purchases help Moscow fund its invasion of Ukraine.

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.

Prime Minister Narendra Modi addressed the ET World Leaders Forum 2025, highlighting India's position as the world's fastest-growing economy, driven by a decade of macroeconomic stability. He emphasized the narrowing fiscal deficit,

PM Modi on Saturday said India will begin exporting electric vehicles to 100 countries, and announced that the country’s first Made in India semiconductor chip will be launched by the end of this year.

Emphasising the government's reform drive, Modi stated that a new Income Tax Bill has been introduced after 60 years, crafted in simple language to make it easier for the common man to understand.

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.

Addressing the ET World Leaders Forum 2025, Prime Minister Narendra Modi declared India as the fastest-growing major economy, predicting it will soon rank as the third-largest globally. The reason behind the optimism is the macroeconomic stability that has come to India in the last decade,

Republican-leaning Fox News pointed out that the Indian public opinion looks at Donald Trump's tariffs as a threat to the country's sovereignty

As Prime Minister Narendra Modi travels to Tianjin for the Shanghai Cooperation Organisation (SCO) summit later this month, and India prepares to host Russian President Vladimir Putin later this year,

Prime Minister Narendra Modi while mentioning about India's macro stability said that they are moving ahead with a vision of quantum jump and not just incremental change. , India News, Times Now