The recent 25% tariffs imposed by President Trump on Indian goods are sending ripples through the Indian stock market and economy. As investors reassess their strategies amidst ongoing trade negotiations,

India's rupee plunged toward a record low and equity indexes declined on Thursday after U.S. President Donald Trump slapped steeper-than-expected tariffs on Indian goods, with analysts warning of sustained pressure on the country's growth.

India and the US have held several rounds of negotiations for a trade deal over the past few months, with Delhi even reducing tariffs on goods like Bourbon whiskey and motorcycles to placate the US. But the US runs a $45bn (£33bn) trade deficit with India, which Trump is keen to reduce.