India Last Week #62
A round-up of research & reportage on India across climate, energy, foreign policy, politics & more over the last week
Climate, Energy & Environment:
“Clean electricity production in India has surged by 20% to new highs so far this year, giving utilities a rare chance to cut fossil fuel-fired generation and reduce reliance on energy imports for power production. India's clean electricity sources are also on track to provide a third of its utility electricity for the first time over the next month or so, thanks to record combined output from renewables, hydro and nuclear assets, data from Ember shows… India also faces pressure to boost imports of U.S. LNG as a means to reduce its trade deficit with the United States, but has steadily reduced its reliance on gas for power as clean energy output has increased. Continued growth in clean generation - alongside rising homemade production of clean energy tech such as solar panels and battery systems - may help India limit its reliance on foreign-sourced fossil fuels while continuing to expand its overall energy generation… The collective upswing in multiple clean generation sources is leading to clean power grabbing a record share of India's generation mix, which will likely exceed 30% for the months of July, August and September. The average clean generation share through the opening half of 2025 was 25%, compared to an average of 21% for the same months in 2024.” Read more: Gavin Maguire, Reuters
“Today, China is the world’s largest emitter, accounting for 31.5% of total emissions, while India is third at 8.1%. While both countries are significant contributors to emissions, a comparison of per capita emissions provides a more differentiated picture. Despite their comparable population, China’s per capita carbon emissions are around 9.24 metric tonnes, four times higher than India’s 2.07 metric tonnes, with the world average sitting in between at 4.69 metric tonnes… China’s provinces are not only expected to follow national climate goals but are also required to develop sector-specific action plans tailored to their local economic and environmental characteristics. These provincial plans often include region-specific targets and strategies, making them more detailed and performance driven… An important difference between India and China’s climate policy implementation lies in how progress is tracked and enforced. China has a well-structured evaluation system where provincial and local governments are assessed using a ‘Cadre Performance Matrix’ system. Provincial and local governments are assessed using a form of bureaucratic accountability that links environmental targets with the career progress of local officials… On the other hand, India does not have a unified, nationwide evaluation matrix that monitors the implementation of SAPCCs or holds states accountable for climate performance. As a result, while policies exist, enforcement is weaker, and implementation varies widely across states.” Read more: Pooja Ramamurthi and Tejal Atul Karad, Centre for Social and Economic Progress
“China and India accounted for 87% of the new coal-power capacity put into operation in the first half of 2025, whereas other regions continued to move away from coal. These developments, highlighting a growing global divide between many countries phasing out coal power and a handful continuing to expand new capacity, are revealed in Global Energy Monitor’s latest Global Coal Plant Tracker results and reported here for the first time… Meanwhile, the results show the US is on track to retire more coal capacity in 2025 than it did under the Biden administration last year, despite the efforts of the Trump White House… Coal-plant development is also on the rise in India, GEM’s tracker shows. Commissioning of new coal plants in the country in H1 2025 (5.1GW) has already exceeded all of last year (4.2GW). Proposed coal-power capacity in India has also been on the rise, led by a record 38.4GW of coal-plant proposals in 2024 – driving up proposed coal capacity to over 92GW as of July 2025, as shown in the chart below. Retirements also remained sluggish in India, with 0.8GW retired in H1 2025 and just 0.2GW retired in 2024 and 2023, according to GEM’s tracker. The decline follows 2023 guidance by India’s Central Electricity Authority (CEA) advising power utilities not to retire any thermal power capacity until 2030. In 2025, the country’s environment ministry again delayed long-pending sulfur dioxide regulations on coal plants.” Read more: Christine Shearer and Lucy Hummer, Carbon Brief
“Whilst Europe dominated demand for total solar product exports until 2023, in the first 6 months of 2025, Asia imported 114 GW, more than twice as much as Europe’s 54 GW. Increased demand for cells in India, Indonesia and Türkiye is reshaping solar trade. In the first half of 2025, these countries accounted for 75% of global demand for Chinese solar cells. India is rapidly building up its domestic panel and cell manufacturing industry. The Indian Ministry of New and Renewable Energy (MNRE) has reported that in the financial year of 2024, 36 GW of panel capacity and 16 GW of cell capacity were added. As of March 2025, panel and cell manufacturing capacities stood at 68 GW and 25 GW respectively, more than double the solar capacity India installed in 2024 (32 GW). 120 GW of panel capacity is targeted by 2030. This manufacturing capacity aims both to supply the domestic market, and to export to other countries. So far exports have been almost entirely to the US, which restricts Chinese imports via the UFLPA. Following recent scrutiny of Indian panels containing Chinese cells, and the US’s efforts to protect its own domestic industry, Indian exports to the US have fallen by 30% in GW terms in the first half of 2025.” Read more: Libby Copsey, Matt Ewen, and Lauren Orso, Ember
“Ashok Leyland, the flagship company of the Hinduja Group, announced plans to invest in the development and manufacturing of next-generation batteries for automative and non-automative applications, including energy storage systems. Ashok Leyland has entered into a long-term partnership with CALB Group, a battery technology company based in China… The company will invest in localising battery manufacturing in India. This will meet the requirements of Ashok Leyland and Switch Mobility’s electric vehicle portfolio and also supply other automotive companies and the energy storage sector. The investment is estimated at over INR 5,000 crore over the next 7-10 years.” Read more: EV Reporter
Economy:
“The Reserve Bank of India (RBI), like its global peers, is a cautious, conservative central bank. So, it comes as a surprise that in recent months the RBI has been talking up the internationalization of the rupee, that is the cross-border use of the currency for trade settlements and swap arrangements with several countries. The central bank has allowed Indian banks to lend in rupees to countries in the neighborhood and is actively promoting trade invoicing in the national currency. Recent agreements with Singapore, Russia and the UAE have widened rupee settlement options and foreign banks have been permitted to open vostro accounts, which will allow the foreign entity to hold rupee-denominated accounts with domestic banks. The gradual internationalization of the rupee is taking place against a background of trade volatility and tensions with America, the country’s largest trading partner. The rupee has weakened in recent weeks as the Trump administration imposed prohibitive 50% tariffs on exports from India, which is likely to have a tangible, negative impact on the economy.” Read more: Vasuki Shastry, Forbes
“India's world-beating economic growth is failing to translate into gains for equity markets as weakening pricing power and U.S. tariffs weigh on corporate earnings, turning foreign investors away. Gross domestic product (GDP) in India grew at a faster-than-expected 7.8% in the April-June quarter in real terms. However, nominal growth, which represents output at current market prices, fell to 8.8% from 10.8% in the previous three months, indicating a drop in inflation. This trend was also seen in corporate earnings, with revenue growth of the top 3,000 listed Indian companies slipping to a seven-quarter low of 3.4% on-year, down from 5.1% in the previous three months and 6.8% a year ago, according to Mumbai-headquartered ICICI Bank Global Market Research… Nominal GDP growth for the current financial year is expected to be 8.5%-9%, the lowest in two decades outside the COVID-19 pandemic, which could keep earnings and equity markets under pressure, analysts at Jefferies said in a report on Friday… Foreign investors have sold a net $15 billion in Indian equities so far, including $4 billion in outflows in August, when U.S. President Donald Trump hit India with tariffs of as much as 50%.” Read more: Bharath Rajeswaran and Vivek Kumar M, Reuters
“Prime Minister Narendra Modi delivered a 103-minute address from the Red Fort on India’s 79th Independence Day, unveiling “Next Generation Reforms”—an initiative aimed at accelerating economic growth, improving the ease of living and doing business, and fostering prosperity… A key institutional measure involves constituting a task force on Next Generation Reforms to review and modernise laws, rules, and policies. The centrepiece of the initiative is reforming the goods and services tax (GST) to simplify the tax structure, reduce burdens on essential goods, and extend targeted relief to micro, small, and medium enterprises (MSMEs), local vendors, and consumers… The reforms signal a shift from incremental adjustments to more ambitious restructuring of India’s economic and governance frameworks. Yet, significant changes in land, labour, and other politically sensitive areas remain absent, keeping the reform agenda within the bounds of low-risk incrementalism… Despite assuming office in 2014 amid expectations of sweeping Thatcher-style liberalisation, the Modi government has largely steered clear of comprehensive structural reforms. Instead, it has pursued a dual-track model: favoured conglomerates have received land and regulatory concessions, while incremental changes—such as digitalised administration, faceless tax assessments, and streamlined approvals—have improved India’s rankings on the ease of doing business index.” Read more: Akanksha Baruah, Frontline
“Global trade has entered territory unlike anything seen in recent decades. Shifts in policy, technology, and geopolitics are creating a more fragmented and uncertain trading environment, with implications for economic growth in both developed and developing economies… Against this backdrop, it is worth examining how the Trump-era tariff waves - both past and present - have reshaped trade patterns and what those shifts reveal about the opportunities and risks for India… Khandelwal (2022) focuses specifically on India’s response to the trade war. Despite producing goods that could, in principle, substitute for Chinese exports, India’s aggregate gains were modest… India’s export structure often complemented the U.S. goods in Chinese markets, reducing substitution opportunities when the U.S.-China trade was disrupted… The major feature of the U.S. tariff regime that are likely to persist in the medium or long term term are: significantly higher tariff than the previous MFN rates, variation in rates across commodity-categories, and critical role of origin of goods for determination of effective tariff liabilities. These features of the tariff regime have grave implications for trade with the U.S… Looking ahead, India’s response must be both strategic and pragmatic. At the policy level, the government should continue engaging the United States to negotiate a mutually beneficial trade and economic agreement, while simultaneously accelerating outreach to alternative markets.” Read more: Vijay Singh Chauhan and Vikas Dimble, Isaac Centre for Public Policy
Foreign Policy & Security:
“Bilaterally, Indian Foreign Minister Subrahmanyam Jaishankar has described Russo-Indian ties as the “one constant in world politics,” and many in New Delhi retain a degree of sympathy for Moscow’s narrative of the war, which links it to NATO expansion into Russia’s self-perceived sphere of influence. Following the invasion, India has also become one of the largest purchasers of Russian oil… India is the world’s largest importer of arms and Russia’s largest export market for arms. India’s arms imports policy is undergirded by three requirements: quality, cost, and timeframes. A fourth critical factor for New Delhi is indigenous production, which also affects availability, as some foreign suppliers are unable or unwilling to offer India the opportunity to license-produce weapons… The share of Russian crude in India’s oil imports remained similarly high in the years that followed. In 2024, for instance, Russia earned roughly $262 billion from global fossil fuel exports, a significant portion of which (around $113 billion) came from crude oil… Indian energy experts, including Ranajit Banerjee, have stressed New Delhi's increase of Russian crude purchases “has not resulted in lower consumer prices but hefty profits for the [Indian] refinery entities due to better margins.” These companies have profited by purchasing and refining discounted Russian crude and reexporting the resulting oil products around the world, including Europe.” Read more: Tina Dolbaia, Vasabjit Banerjee, and Amanda Southfield, Centre for Strategic and International Studies
“Unless US President Donald Trump’s tariff threats are primarily a negotiating ploy, India’s foreign policy has run into a virtual abyss. It faces its greatest crisis since 1998, when India conducted nuclear tests and was subjected to international isolation. The big difference is that the 1998 tests added to India’s overall power, which stands significantly diminished at the present moment… All major foreign policies can be conceptualised as having a core, a semi-periphery and a periphery. This tripartite division is not geographical, but one based on different layers of significance. The core of India’s foreign policy, at least since 2000, has focused on the US, Pakistan, China, and Russia… Cordiality with Russia remains undiminished, though it is under significant threat… The other three core elements – concerning the US, Pakistan, and China — are nearly in a free fall… Earlier, the US sought India to counterbalance China. Will India seek China’s support for counterbalancing the US, if things worsen further? What will be the price of this greater closeness, given that Chinese support for Pakistan is longstanding and India also has an unresolved border dispute with China? India will have to approach China with a severe imbalance of power. India’s policy makers and strategic thinkers have to find a way out of this abyss. The key is trying to strike a balance between the norms of self-respect, without which proud nations can’t live, and the realities of power, which can only be ignored at great peril.” Read more: Ashutosh Varshney, ThePrint
“Five years ago, Sino-Indian relations were going through one of their worst crises since the 1962 war, following hand-to-hand combat between Chinese and Indian soldiers that left 20 of the latter dead in the Galwan Valley in June 2020… Five years later, Narendra Modi visited China – something he had not done since 2018 – for a SCO meeting during which Modi told Xi Jinping that India was "committed" to taking their countries' relations forward "on the basis of mutual trust and respect," and referenced their improving ties, including an easing of tensions along their disputed Himalayan border… These interpretations – which of course contain some truth – seem to me to overlook an essential factor, namely India's dependence on China, which today leads it to submit to Chinese domination – even if it means sacrificing part of its strategic autonomy – rather than playing Beijing off against Washington… India's goodwill towards China in terms of its openness to Chinese FDI – and, more recently, on the diplomatic front – largely reflects its industrial dependence on China… While Indian imports from China grew 2.3 times faster than Indian imports in general between 2005-06 (when India still had a trade surplus with China) and 2023-24, the share of industrial goods imported by India from China rose from 21% to 30% of India's total industrial imports over the period.” Read more: Christophe Jaffrelot, The Wire
“Amid strained ties with the US, the Indian embassy in Washington D.C. earlier this month signed on Mercury Public Affairs as a part of lobbying efforts for three months. Susie Wiles, the current Chief of Staff of President Donald Trump, was a co-chair at Mercury Public Affairs from 2022 until 7 November last year when she was appointed to her current position in the White House.“Consultant will provide strategic government relations and communications services (“Services”) to Client (Embassy of India) consistent with the terms and parameters of the Agreement as follows: Federal government relations, strategic media relations, a digital audit, digital strategy consulting and paid advertising,” Mercury Public Affairs’ registration statement as a foreign agent filed to the US Department of Justice said… The contract was signed effective from 15 August and will continue till 14 November. The Indian embassy will be paying roughly $75,000 a month until November for its lobbying efforts. With the addition of Mercury, the Indian embassy is paying roughly $275,000 a month for its overall lobbying efforts… Trump Friday also announced Sergio Gor as the next ambassador to India subject to Senate confirmation. Gor, will also be the Special Envoy for South Asian and Central Asian affairs. The 38-year-old is considered to be extremely loyal to Trump and is currently the director of personnel at the White House. The uptick in lobbying efforts come as New Delhi looks to safeguard its strategic ties with the US. While political ties are tense at the moment, defence cooperation continues apace between the two countries.” Read more: Keshav Padmanabhan, ThePrint
People & Politics:
“On 2nd September 2025, the High Court of Delhi passed an order denying bail to nine individuals accused in what is popularly known as the “Delhi riots case.” At the time of writing, these individuals have now been in prison for more than five years, with the trial yet to commence… First, a few preliminary remarks. The “Delhi riots” refer to the communal violence in the month of February 2020 in Delhi, which left 54 people dead and many more injured. The accused in this case are all individuals who, in the months of December 2019 and January 2020, had been involved in public protests against the Citizenship Amendment Bill (later, the Citizenship Amendment Act). The problem for the prosecution, however, was that none of these individuals had publicly called for, or instigated, violence or riots. To get around this, the prosecution’s case was – and is – founded on the idea of a conspiracy: that whatever these individuals said in public, in secret, they conspired to bring about violent riots… Perhaps aware that it grasping at straws, the judgment then resorts to using fearsome words. Umar Khalid – along with Sharjeel Imam – it notes, “were the intellectual architects behind the entire conspiracy.” But who or what is an “intellectual architect” of something? How do you define an “intellectual architect”? How does the law define it? What is abundantly clear is that, much like the two courts before it, this bench, unable to find any actual incriminating evidence against Khalid, is forced to take refuge in semantics… One only hopes that it will not also, one day, be too late for the nine individuals who have – and will pay – the cost in months and years of lost liberty.” Read more: Gautam Bhatia, Constitutional Law and Philosophy
“Urjit Patel lived a life of silence for years, keeping away from the spotlight even as the decisions he took greatly impacted India’s financial system. When he left the Reserve Bank of India (RBI) in December 2018, his resignation stunned the corridors of power and financial markets alike. Rarely had a central banker clashed so openly with the political establishment and then chosen to step aside rather than bend. After almost eight years in the wilderness, Patel, 61, is back. He has resurfaced in the international arena as Executive Director at the International Monetary Fund (IMF)… Patel became the face of the RBI during demonetisation, a storm that tested the central bank’s credibility. Questions were raised about the RBI’s preparedness, the logistical nightmare of replacing old currency notes, and the impact on growth. Patel remained largely silent in public, avoiding detailed explanations. Critics accused him of failing to defend the RBI’s independence and abandoning citizens to confusion. Supporters, however, argued that his quietness reflected prudence, and his refusal to politicise the institution by indulging in public spats… Problems arose not from the markets but from power corridors of New Delhi. Patel’s relationship with the government soured over multiple issues — banking regulation, transfer of surplus reserves, the bankruptcy code, and autonomy of the RBI. In his book Overdraft: Saving the Indian Saver (2020), Patel strongly criticised the government for diluting the Insolvency and Bankruptcy Code (IBC) and the powers of the central bank, saying this undermined efforts made since 2014 to clean up the bad loan mess.” Read more: George Mathew, Indian Express
“On August 31, 2025, the Ramon Magsaysay Award Foundation released the winners of Asia's most esteemed award for community service and transformative leadership. India is in focus this year as the Foundation to Educate Girls Globally is the first Indian organization to be honored, joined by Shaahina Ali of the Maldives and Flaviano Antonio L. Villanueva of the Philippines. Set up in 1957 in honor of Philippine President Ramon Magsaysay, this is an annual award given to individuals and organizations for exemplary leadership, integrity, and selfless service… Educate Girls, spearheaded by founder Safeena Husain, is renowned for its innovation in combatting cultural stereotypes and empowering millions of young women and girls through education in rural India. Its people-powered approach has returned more than two million girls to school, disrupting tradition and multiplying impact across families and generations… The 67th Ramon Magsaysay Award Presentation is on November 7, 2025, at the Metropolitan Theater in Manila. The winners will be honored in front of dignitaries, previous winners, and thousands who have been inspired by their work.” Read more: Kirti Sharma, Jagran Josh
“Around 89 lakh beneficiaries have fallen off nine government scholarship schemes for historically-marginalised communities, the Scheduled Castes, Scheduled Tribes and Other Backward Classes (SC, ST, OBC) between 2020-21 and 2024-25, shows data from the ministry of social justice and empowerment. The schemes include Pre-Matric and Post-Matric Scholarships. The minister for social justice and empowerment, BL Verma shared the data with Rajya Sabha, in response to a question from Rajasthan MP Mukul Balkrishna Wasnik… The Pre-Matric Scholarship for Other Backward Castes (OBCs) / Economically Backward Class (EBCs)/De-notified, Nomadic, and Semi-Nomadic Tribes (DNTs) saw the most dramatic fall between 2020-21 and 2024-25 - a 76% decline with 42 lakh fewer beneficiaries over five years… Kiran Kumar Gowd, president of All India OBC Students Association (AIOBCSA), said the scholarship system is getting more and more difficult to navigate. “The delay in allocation of funds and its disbursal causes students their whole education years. And sometimes the delay is more than a year. If the student doesn’t get their scholarship on time, it’s of no use.” Pre Matric scholarship for STs saw a decline of 33.8% from 2020-21 to 2024-25.” Read more: Sheena Sachdeva, Careers360
“One of the two newborns, who were bitten by rats inside the Neonatal Intensive Care Unit (NICU) of MY Hospital, died on Tuesday. However, the hospital authorities maintained that the rate bite was note the cause of her death, the baby died due to her fragile health condition. The incident of rat biting, reported on Saturday and Sunday night, has however exposed the sheer negligence at one of Central India’s largest govt hospitals and prompted a swift, high-level response. The medical education department on Tuesday issue a show-case notice to the dean of MGM Medical College to which MYH is affiliated… Madhya Pradesh Human Rights Commission (MPHRC), under the acting chairmanship of Rajeev Kumar Tandon, has also taken cognisance of the incident and directed the hospital’s superintendent to conduct an investigation. It has directed the hospital to submit a report on the actions taken within one month.” Read more: Times of India
Tech:
“Semiconductor equipment maker ASML Holding NV made a pitch for business in India as Prime Minister Narendra Modi seeks to make chips locally and reduce imports of the critical technology. The Veldhoven, Netherlands-based company, an important supplier to Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., wants to build ties with Indian chipmakers in the year ahead, Chief Executive Officer Christophe Fouquet said Tuesday at the Semicon India summit in New Delhi. “We are dedicated to supporting India’s ambition whether through collaboration, knowledge exchange or talent,” Fouquet said. “Our advanced lithography solutions can help Indian fabs to achieve cutting-edge performance.” A spokesperson for ASML said the company’s business in India is “very limited” and declined to provide details on any expansion such as the timeline or models of possible sales. India’s government has set up a 760 billion-rupee ($8.6 billion) fund to attract international chipmakers. No major semiconductor firms have committed to big investments into the country however. Two of its biggest projects include an $11 billion wafer fabrication site by Tata Group in partnership with Taiwan’s Powerchip Semiconductor Manufacturing Corp. and a $3 billion assembly and testing facility by US-based Micron Technology Inc.” Read more: Sarah Jacob and Sankalp Phartiyal, Bloomberg
“India’s efforts to build a semiconductor ecosystem since its independence have been uneven, with several well-intentioned but false starts. In December 2021, however, India renewed its attempt at incubating a respectable semiconductor network. This time, it is going well and without major hiccups. The Indian Semiconductor Mission (ISM) was established as the nodal agency under the federal government’s Ministry of Electronics and Information Technology (MeitY) to vet and screen investments and implement semiconductor schemes in the country. In less than four years, it has already approved ten projects to galvanize India’s semiconductor ecosystem… Onshoring the semiconductor supply chain is certainly a challenging task, given the number of players involved and the competitive pressures of matching other countries’ incentive schemes. In this regard, larger shifts in global commerce have also come to India’s aid… In all the semiconductor policies issued by several Indian states, and reviewed so far—namely, those of Gujarat, Uttar Pradesh, Karnataka, Tamil Nadu, Odisha, Andhra Pradesh, and Assam—“eligible” projects must be those approved by the ISM. Once a project is approved, states compete with each other to provide state-level incentives over and above what the federal government provides… India’s semiconductor mission has paid off, for now. With a $10 billion corpus, some of which is, perhaps, yet to be utilized, the ISM has done a commendable job of shepherding resources toward projects that serve each stage of the semiconductor value chain.” Read more: Konark Bhandari, Carnegie India
Bonus:
“Indian weightlifter Sairaj Pardeshi has etched his name in the record books after winning gold in the men’s 88kg junior category at the Commonwealth Weightlifting Championships 2025 in Ahmedabad. The 18-year-old sensation lifted an impressive 348 kg in total, with 157 kg in snatch and 191 kg in clean & jerk, breaking multiple junior Commonwealth records. Sairaj Pardeshi, an 18-year-old weightlifter from Manmad, Maharashtra, has quickly risen as one of India’s brightest young sporting stars. Coming from a modest background as the son of a scrap dealer, Pardeshi began training with makeshift equipment under coach Pravin Vyavahare before joining the Sports Authority of India’s National Centre of Excellence in Aurangabad. His hard work paid off in 2024 when he won gold at the Asian Youth & Junior Championships in Doha with a record-breaking 310 kg lift.” Read more: Nitesh Dubey, Zee News
“Once freshly bound copies arrive from the publisher, an author must transform into a nine-headed Hydra—a marketer, a PR rep, a hot-take machine, a personal essayist, an influencer—to give their work the boost it needs to rise above other authors vying for the same readers, which in itself is a steadily shrinking pool. It’s little wonder then that the hype around a book often reads like fiction itself. Case in point? A Business Standard headline from February proclaimed: Prajakta Koli’s debut novel, Too Good To Be True, becomes a publishing sensation with 1,50,000 copies sold within a month of its release. Koli, better known to her combined 18 million Instagram and YouTube followers as ‘MostlySane’, didn’t just wake up one fine day and release her debut novel. One month before its release, the frothy romance climbed to the number one spot within hours of going on pre-order on Amazon and was followed by multiple magazine covers, lit fest appearances and collaborations with Blinkit and Spotify… The publishing industry has always operated on a combination of sharp art and smart commerce. But with traditional media shrinking and marketing budgets being allocated elsewhere, a writer’s follower count is now as crucial as their manuscript. Literary agent Kanishka Gupta, whose clients include International Booker prize winners Geetanjali Shree and Banu Mushtaq, admits that this shift has made it convenient for publishers to land their next cash cow. “Many influencer-writers are offered contracts based on their social media following alone,” he shrugs.” Read more: Sabah Gurmat, Vogue India
Watch/listen:
The Legacy of Indian Constitution | Irfan Habib | Explainer | Karwan e Mohabbat
As Trump's Tariffs Bite is India Collateral Damage? But Does He Care? | Ashley Tellis in conversation with Karan Thapar | The Wire