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Mechanisms are in place to continue oil supplies to India,” Russian Deputy Chief of Mission Roman Babushkin assured, adding that both countries are working to remove further barriers to trade in order to strengthen economic cooperation.

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.

Russia said Indian goods are welcome in its market as the US raises tariffs; a top Russian diplomat defended India's oil imports and called Western sanctions unfair and one-sided

India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the principle of "one nation, one tax, one market". It was hailed as the biggest tax reform since independence from Britain in 1947.

The Russian embassy in India criticised the US penalties on New Delhi over trade ties, saying crude oil trade between the two nations will remain unaffected and overall India–Russia trade is expected to grow 10% annually.

India would not accept any compromise when it comes to the interests of its farmers, cattle-rearers and fishermen, Prime Minister Narendra Modi said Friday as the country wrestles with steep tariffs imposed by the US following breakdown of trade talks.

It is one of the biggest job-creation programs rolled out in recent years, signaling the government’s intent to court India’s young workforce. At the launch, the PM Modi called the plan a 'transformational step,' saying it was about more than just jobs ...