India would not accept any compromise when it comes to the interests of its farmers, cattle-rearers and fishermen, Prime Minister Narendra Modi said Friday as the country wrestles with steep tariffs imposed by the US following breakdown of trade talks.

The collapse of the prime minister’s high-stakes efforts to transform ties with the world’s two superpowers has exposed the limits of India’s leverage.

Prime Minister Narendra Modi delivered his 12th consecutive Independence Day address to the nation on Friday, marking a significant milestone in his political career.

President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,

India and China are actively working to mend their strained bilateral relations, signalling a push towards normalising ties and fostering greater stability between the two Asian giants

The Semicon India programme, under which this rollout falls, is designed to reduce dependence on imported chips and position India as a credible player.

Prime Minister Narendra Modi, wore a saffron turban, to lead the 79th Independence Day celebrations on Friday, addressing the nation from the historic Red Fort for the 12th consecutive year.