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Modi Urges Indians to Buy Local Goods After Trump Tariffs
The comments came days after Trump slapped a 25% tariff on Indian exports to the US and imposed higher duties on several countries, stoking concerns about a slowdown in global growth and market volatility. He didn’t refer to US tariffs directly in his speech at a rally in the northern state of Uttar Pradesh on Saturday.
Modi’s renewed emphasis on domestic manufacturing and consumption echoes his long-standing “Make in India” initiative. However, the message has taken on new urgency after the US tariffs.
“The interests of our farmers, our small industries and the employment of our youth are of paramount importance,” he told the rally.
India has to remain vigilant about its economic interests, when other countries are focusing on their own interests, he said. (Bloomberg)
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