India Playbook 2025: Proposed tariff imposition from US punishes Indian market despite resilient economy by ET Markets | August 30, 2025 12:06 pm | Indian Stocks, Market, News Global equities rallied on US-Russia talks, but Indian markets lagged, with FIIs turning sellers amid tariff fears, weak Q1 topline growth, and slowing consumption. Yet, GST reforms and discounted Russian oil imports may cushion the economy.