In a resolute address, Prime Minister Narendra Modi emphasized India's unwavering commitment to safeguarding the interests of its farmers, fishermen, and dairy farmers, despite escalating trade tensions with the United States. Modi's remarks came in response to the U.S. imposing a 25% tariff on Indian goods, raising the total duty to 50%, a move attributed to India's continued purchase of Russian oil.
Addressing the MS Swaminathan Centenary International Conference in New Delhi, Modi stated, "For us, the interest of our farmers is our top priority. India will never compromise on the interests of farmers, fishermen, and dairy farmers. I know personally, I will have to pay a heavy price for it, but I am ready for it."
The U.S. tariffs have significantly strained bilateral relations, with the U.S. administration expressing concerns over India's oil trade with Russia. In response, India has initiated consultations with exporters and industry bodies to assess the impact and formulate effective strategies to mitigate the adverse effects on its economy.
Despite the challenges posed by the tariffs, Modi underscored the importance of self-reliance, urging the nation to focus on domestic production and consumption. He called for a collective effort to support indigenous industries, emphasizing that such a resolve would be a true service to the nation and a tribute to Mahatma Gandhi.
In conclusion, Prime Minister Modi's strong message highlights India's determination to protect its agricultural sector and economic interests, even in the face of external pressures. The government's focus on self-reliance and support for domestic industries reflects a strategic approach to navigate the complexities of international trade relations.
