India’s central bank is ready to let the rupee weaken in tandem with the Chinese yuan after Donald Trump’s election win spurred fears of higher US tariffs, according to people familiar with the thinking of policymakers.

"India is lucky that they have a strong domestic economy and emerging economy... we’ll be fine in the coming times but the world will look different...” Damani has said

India's Adani Group will invest $10 billion in US energy security and infrastructure projects, aiming to create up to 15,000 jobs, chairman Gautam Adani said in a post on social media platform X on Wednesday.

Following Donald Trump's victory in the US presidential election and the possibility of a renewed US-China trade war, Indian officials believe Apple may scale up its manufacturing capacities in India to mitigate potential tariffs and avoid supply chain disruptions that could arise.

During Trump's first term, India lost its Generalized System of Preferences (GSP) status, which had previously enabled tariff-free exports of certain goods to the U.S. Without GSP, sectors like pharmaceuticals,