The US imposed a tariff of 27 percent on India. That is, now Indians will become more expensive in America. But then a big news came from Russia. Putin praised Make in India fiercely and announced investment in India. In such a situation, questions are arising whether America is trying to surround India in a trade war. Will India make a new strategy with Russia and other countries. The most important thing will this benefit the Modi government in the 2024 elections. Actually, the US announced the reciperook tariff on 2 April. In this, a tariff of 10 percent to 50 percent was imposed on many countries including India. Indian products were imposed a heavy tax of 27 percent. Meaning Indian goods will now become expensive in America. The Trump administration says that India is following unfair trade policies. The US alleges that India creates obstacles for American companies in its market. Trump said that India is one of the most difficult places for trade.
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India has a total trade of $ 131 billion with the US. India delivers Products like Textile Pharma, Steel and James Jewelery to the US. The increase in tariffs will increase the price of these products in the US. Which can reduce their sales. Understand this from this example that if India sells a diamond of 10 lakhs to America, then the price of this diamond in America will be 12 lakh 60 thousand after the new American tariff. The result will be that the price of diamonds in the US will be high and the demand will be reduced. It is being told that American tariffs will affect sector like Diamond and Jewelery, Car Esser, Petroleum Products, Radied Garment. However, some sectors such as generic medicines, copper items and semiconductor have been excluded from it. But this is not the end of the story. India has received big news from its friend Russia.
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But when Donald Trump announced the tariff. Soon after, Russian President Vladimir Putin also made a big game. Russia’s President Vladimir Putin has said by taking the name of PM Modi that we are going to increase investments and production of goods in India. Russia has said that we will take the business from India to new heights. Putin has made this statement the announcement of Trump’s tariff and his visit to India. Russia has announced that by 2030 we will take our business with India up to $ 10 billion. We will sell goods to India and also buy rich goods from India. The way Trump announced the tariff in front of the world. In the same way Putin praised India’s initiative in front of the whole world of Make in India.
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He said that everyone knows India’s initiative, Make in India. We are also ready to produce something on our behalf in India. The Indian Prime Minister’s government is creating reliable and stable circumstances. The Indian leadership is following the national oriented policy in all sectors including the economy.
