White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop, adding that New Delhi was "now cozying up to both Russia and China.

The visit that was expected to take place between Aug. 25 and Aug. 29 will likely be rescheduled, NDTV reported, citing people familiar with the matter.

The US embassy in New Delhi said it has no further information on the trade and tariff talks, which are being managed by the United States Trade Representative.

India's equity benchmarks jumped more than 1% on Monday, after the government proposed sweeping changes to the complex goods and services tax regime, which will make daily essentials and electronics cheaper from October.

The Seattle skyline flared in new colors on Friday as the Indian Tricolor was hoisted atop the city’s iconic Space Needle for the very first time, marking India’s 79th Independence Day.

Indian exports to the US surged in recent months as companies rushed shipments ahead of potential tariff hikes announced by Donald Trump, a report said. Between April and July, exports to the US grew seven times faster than overall export growth.

During his Friday speech, Modi also hinted India would continue its unilateral suspension of the Indus Water Treaty. The treaty, which India suspended after the April massacre, allows sharing of the Indus River that runs about 2,897 kilometers (1,800 miles) through South Asia and is a lifeline for both countries.

A median of 47% across the 24 countries have a favorable opinion of India, while a median of 38% have an unfavorable view.

India's equity benchmarks are set to open higher on Monday, buoyed by cooling Russian oil supply concerns after a meeting between the U.S. and Russian Presidents and New Delhi's proposed goods and services tax reforms.