New Delhi, Aug. 14 -- India's export data for July 2025 is due later in the day. The figures are expected to show no major deviations, with business activity remaining steady through the month.

In the best-case scenario, analysts note the trade figures may surprise on the positive side. Reports had suggested that some American businesses had front loaded imports from India, eyeing to stack-up before the tariffs are implemented.

Initially, President Donald Trump announced the imposition of 25 per cent tariffs on Indian goods plus an unspecified penalty for importing Russian oil, even as there were hopes of an interim India-US trade deal that would have otherwise helped avoid elevated tariffs. A few days later, he topped it up with anothe...