The demand outlook for India's $283-billion IT sector remains uncertain due to U.S. tariff risks and global geopolitical factors, a senior Wipro executive said on Wednesday.

India's Tech Mahindra reported a marginally lower-than-expected first-quarter revenue on Wednesday as clients tightened non-essential spending amid tariff-related uncertainty. Consolidated sales at India's fifth largest IT services firm by revenue rose 2.

India currently imports 1.6 to 1.7 million barrels of discounted Russian oil daily — roughly 35 per cent of its total crude demand. Donald Trump’s threat of 100 per cent secondary tariffs on Russian trade partners within 50 days could disrupt these flows and imperil a bilateral trade agreement with the US,

India believes it is premature to create a contingency plan without clarity on the scope and impact of the US's reciprocal tariffs. ⦁ India and the EU will resume negotiations on their free trade agreement in early September.

Several countries such as Bangladesh, Cambodia, Indonesia are facing a tough time due to Donald Trump's tariffs. India can take advantage of this situation by

India stands at a critical economic juncture. The combination of sound domestic macroeconomics and rising external frictions presents both a test and an opportunity.

US consumer inflation rose 2.7% in June, driven by higher energy costs and tariffs, according to government data.

Tesla's official entry into India highlights the significant price difference for its Model Y, costing Rs 60 lakh compared to Rs 37.5 lakh in the US and Rs 29.9 lakh in China. The steep cost in India is primarily due to a 100% import duty aimed at protecting the local auto industry and encouraging domestic manufacturing.