In a resolute address on India's 79th Independence Day, Prime Minister Narendra Modi delivered a strong message in response to the United States' recent imposition of steep tariffs on Indian goods. Without directly naming the U.S., Modi emphasized his unwavering commitment to protecting the interests of Indian farmers, fishermen, and cattle rearers, stating, "If any policy is against India's farmers, fishermen, cattle rearers, Modi is standing like a wall."
The U.S. administration, led by President Donald Trump, had escalated trade tensions by imposing a 25% "reciprocal" tariff on Indian imports, followed by an additional 25% penalty due to India's continued purchase of Russian oil. These measures brought the total duty on Indian goods to 50%, among the highest imposed on any trading partner.
In response to these tariffs, Prime Minister Modi reaffirmed his commitment to a "self-reliant India" , focusing on reducing dependence on imports in critical sectors such as microchips and defense engines. He announced plans to have domestically produced semiconductor chips available by the end of the year and introduced reforms to the Goods and Services Tax aimed at benefiting the middle class and business community.
Modi also vowed to staunchly protect Indian farmers, fishermen, and cattle rearers, asserting that their interests would not be compromised. He defended protectionist policies, particularly in agriculture, and announced a new task force to implement next-generation reforms aimed at reducing red tape, legal uncertainties, and compliance costs to enhance India's ease of doing business.
Despite the diplomatic rift, Indian officials noted that trade negotiations with the U.S. continue. The Indian government remains hopeful that bilateral relations with the U.S. can proceed based on mutual respect and shared interests, even as it pursues greater self-reliance in key sectors.
