Indian Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country's farmers even if he has to pay a heavy price, in his first comments after U.S. President Donald Trump's salvo of a 50% tariff on Indian goods.

India, which now faces among the highest tariff rates imposed by the US, called the levy "unjustified and unreasonable".

According to trade data shared with Reuters, India is the biggest buyer of seaborne crude from Russia, importing about 1.75 million barrels per day from January to June this year, up 1 per cent from one year ago. In total, it imported Russian oil worth about £38bn in the financial year ending March 2025.