Indian Economy

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Indian Economy

A close-up of basmati rice grains stacks for sale inside a shop at a market in Srinagar, Jammu and Kashmir, on January 13, 2026. Civil unrest in Iran starts impacting India's basmati rice exports to the country, leading to a sharp fall in domestic prices, as exporters face payment delays and mounting uncertainties, PTI reports. Meanwhile, President Donald Trump says on Monday any country that does business with Iran faces a tariff rate of 25% on any trade with the U.S., as Washington weighs a response to the situation in Iran, which sees its biggest anti-government protests in years. (Photo by Firdous Nazir/NurPhoto)


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