Indian Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country's farmers even if he has to pay a heavy price, in his first comments after U.S. President Donald Trump's salvo of a 50% tariff on Indian goods.

The Indian prime minister has said his country "is ready" to react to President Donald Trump's additional 25 percent levy on goods entering the U.S.

Amid rising concerns over Donald Trump's steep tariff hike on Indian exports, Prime Minister Narendra Modi on Thursday said India would never compromise on the interests of its farmers, fishermen and livestock rearers,