On Indian markets, Prashant Paroda, Portfolio Manager for Emerging Markets at Allspring Global Investments said a selective approach is important. According to him, within banks, one will have to be very selective with which companies are continuing to grow market share and have provisions under check.

Raghuram Rajan said India's economic growth has sort of settled in the range of 6-7 per cent, and a fraction of percentage point may be affected by the global trade uncertainties.

A deal with India may be coming as well. “We’re very close to a deal with India,” he said. While negotiations with Japan are also ongoing, they are likely to remain at the 25% rate he announced last week.

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.

China has welcomed a Russian proposal for the restoration of a three-member bloc with India, saying cooperation would be in their interests and would contribute to peace and security, raising the prospect of a revitalized alliance that could challenge U.

Earlier this week, the Indian team was in Washington for the fifth round of negotiations for the proposed Bilateral Trade Agreement (BTA).

With delivery estimated to start from the third quarter, Tesla will drive on to India's busy roads, targeting a niche premium EV segment that accounts for just 4% of overall sales in the world's third-largest car market.

White House suggested that the so-called secondary tariffs mean 100 per cent tariffs on Russia and secondary sanctions on buyers of Russian oil.