NEW DELHI/MUMBAI (Reuters) -India hopes trade talks with the U.S. will continue even as the U.S. hiked tariffs on its exports to 50% due to New Delhi's purchase of sanctioned Russian oil, two lawmakers said on Monday,

Several economists have called Trump's tariff jolt India’s next ‘1991 moment' and suggested the government seize this opportunity to unleash the next round of far-reaching domestic economic reforms.

Trump-era tariffs pressure India’s garment exporters as buyers move orders elsewhere, raising concerns over jobs and trade competitiveness.