Economy

In months leading up to the ruling, Donald Trump had himself pointed out that a judgement against the levies could cost America billions of dollars in revenue refunds.

US President Donald Trump threatens 15% to 30% auto tariffs during the press briefing.

The ruling deals a major setback to President Trump on a policy that has been central to his economic agenda.

The average US Most Favoured Nation tariff on Indian goods is approximately 2.8% to 3.3%. However it varies across sectors.

Gurmeet Chadha, Managing Partner and CIO at Complete Circle Wealth Solutions, described the ruling as "a big relief for emerging markets like India".

The headline inflation continues to remain benign as per the first print under the revised CPI series.

However, the ruling does not block the use of tariffs altogether. The justices stressed that their decision was confined to IEEPA and did not affect other statutory frameworks under which tariffs may lawfully be imposed.

Inflation-adjusted gross domestic product increased an annualized 1.4% in the fourth quarter after rising 4.4% in the prior period, according to the government's initial estimate out Friday.

"Reverse migration is a headline. The digital ecosystem is the plot," Mittal added.

Speaking about ongoing negotiations between New Delhi and Washington, Gor reiterated that India has agreed to diversify its energy sourcing. He added that Washington's position is rooted in its broader objective of ending the Russia-Ukraine War.

India's inflation remained relatively benign under a revised data series published earlier this month, bolstering the case for the central bank to keep rates on hold.

Steel production remained strong, with the output rising by 9.9% after a 6.9% growth in December.

Piyush Goyal also said that the 27-nation bloc, the European Union, also wants to implement the trade deal as early as possible.

While oil imports from Moscow have fallen in recent months — and flows from other nations such as Saudi Arabia picked up — they haven't come to a halt.

IndusInd Bank said the additional branches doing gold loans is driven by the need to make secured credit more accessible, convenient, and reliable.

Imports from Russia are expected to shrink further next month, according to Kpler, which forecasts flows at a range of 800,000 to 1 million barrels a day.

Earlier this month, India and the US released a joint statement to announce that a framework for an interim trade agreement has been finalised.

Georgieva said that the exposure to AI could rise to as much as 60% in advanced economies, while India's impact level is expected to be around 26%

Latest data showed India's trade deficit widened to $34.68 billion in January from $25.05 billion a month earlier, just weeks before New Delhi agreed to an interim pact with the US to lower tariffs.

Earlier this month, India and the US released a joint statement to announce that a framework for an interim trade agreement has been finalised.