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. administration's recent imposition of a 25% tariff on Indian goods, a move that has intensified bilateral trade disputes.
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 were introduced as a punitive measure in response to India's continued purchase of Russian oil, a decision that has strained economic relations between the two nations. Despite these challenges, Modi's government remains steadfast in its support for domestic agricultural sectors, underscoring the nation's commitment to food security and economic self-reliance.
In his speech, Modi also highlighted the importance of self-reliance, stating, "Being dependent on other countries is a recipe for disaster. We must be self-reliant to safeguard our interests."
The Prime Minister's comments reflect a broader strategy to bolster India's domestic industries and reduce reliance on foreign imports, aligning with the "Atmanirbhar Bharat" initiative. This approach aims to strengthen the nation's economic resilience amid global trade uncertainties.
As the trade standoff continues, India's leadership remains committed to protecting its economic interests and supporting its agricultural community, even in the face of external pressures. The government's focus on self-reliance and domestic growth is poised to play a pivotal role in navigating the complexities of international trade relations.
