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India's Modi vows to protect farmers, cuts tax, pushes self-reliance amid Trump tariff tensions
Modi pledges to protect farmers and boost self-reliance as US tariffs on Indian goods reach 50%, risking up to 70% of exports according to Indian think tank ICRIER.
- Ahead of the Trump–Putin summit, the United States warned it may impose additional secondary tariffs on India if talks fail, scheduled for August 15 in Anchorage, Alaska.
- Imposing additional duties, Washington targeted Indian goods, raising tariffs from 25% to 50% on August 6 for continuing Russian oil imports.
- According to ICRIER, the tariffs threaten to impact up to 70% of India’s exports, which totaled nearly $87 billion in 2024, under the 50% tariff structure.
- Indian Prime Minister Narendra Modi urged the country on Friday to move towards more self-reliance, manufacture everything from fertilisers to jet engines and EV batteries, and vowed to protect farmers.
- Observers warn the outcome of the Alaska summit could determine the future of global energy markets and the US-India strategic partnership, with the tariff threat seen as a test for other Russian oil buyers such as China, Turkey, and several Southeast Asian nations.
61 Articles
61 Articles
Facing US tariffs, Indian PM Modi vows self-reliance
NEW DELHI: Indian Prime Minister Narendra Modi said on Friday that his country is seeking self-reliance in energy independence and the development of its own powerful defence systems, vowing to defend his country’s interests “like a wall”. Modi delivered his annual Independence Day address from the ramparts of New Delhi’s Red Fort at a time when India faces intense pressure and threats of additional tariffs from the United States. “Self-reliance…
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Business RecorderIndian PM Modi vows to protect farmers, pushes self-reliance amid Trump tariff tensions
Indian Prime Minister Narendra Modi urged the country on Friday to move towards more self-reliance, manufacture everything from fertilisers to jet engines and EV batteries, and vowed to protect farmers in the face of a trade conflict with Washington.
India's Modi vows to protect farmers, cuts tax, pushes self-reliance amid Trump tariff tensions
Indian Prime Minister Narendra Modi urged the country on Friday to move towards more self-reliance, manufacture everything from fertilisers to jet engines and EV batteries, and vowed to protect farmers in the face of a trade conflict with Washington.
Affordable but powerful': PM Modi calls for self-reliant manufacturing to power exports amid tariff tensions
In his 12th Independence Day speech, Prime Minister Narendra Modi emphasised that India must focus on high-quality, affordable products with the mantra “Daam kam, dum zyaada”. He insisted that the country's manufacturing sector should be robust and self-reliant
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