India on Thursday hoped that its relationship with the US will continue to move forward based on mutual respect and shared interests.

New Delhi's comments came amid escalating tensions between the two countries after President Donald Trump slapped 50 per cent tariff on Indian goods.

"India and the United States share a comprehensive global strategic partnership anchored in shared interests, democratic values, and robust people-to-people ties," external affairs ministry spokesperson Randhir Jaiswal said.