What is the situation of Indian exports to the United States amid high tariffs?
Despite tensions over the trade agreement between India and the United States, Indian exports to America have increased.
Despite Donald Trump's tough tariffs, Indian exports increased by 14.5% in October compared to September.
These improved figures come at a time when Indian state-owned oil companies have agreed to import more LPG from the United States annually.
On August 27th, the Trump administration imposed a 50% tariff on India, which includes a 25% penalty on oil purchases from Russia.
Trump has exempted several agricultural products from reciprocal tariffs, which could benefit India. Negotiations on a trade agreement between the two countries are underway.
An Indian official said that negotiations on key elements of the agreement are almost complete.
Meanwhile, on Tuesday, Indian Commerce Minister Piyush Goyal said that there is no rift in the relations between India and America.