On a global basis, growth was lowered from 3.3% to 2.8% for the whole of 2025, with the IMF saying that tariffs were "a major negative shock to growth."
Tesla is cautiously navigating an entry into India, CFO Vaibhav Taneja said in an earnings call, as the EV maker faces falling sales and tariff threats.
Modi's office said the two leaders "welcomed the significant progress in the negotiations for a mutually beneficial India-U.S. Bilateral Trade Agreement."