The United States has decided to impose 50 percent tariffs on India. Donald Trump is trying to put tariffs on India, but now India has also reacted strongly to the US and Donald Trump.
Economic relations new heights
India has taken a big step against the US tariff policy. Indian Foreign Minister S Jayashankar has emphasized on strengthening trade with Russia. He has appealed to Russian companies to strengthen relations with India. S Jayashankar has said that economic relations between India and Russia should reach new heights.
S Jayashankar has given an example of India's fast growing economy and Make in India that this is a golden opportunity for Russian companies. India is rapidly urbanization and the demand for its citizens is also increasing, so this is the right time for Russian companies to invest in India.
India's GDP more than four trillion dollars
Speaking on, S Jayashankar said that India's GDP is more than four trillion dollars. At this time its growth rate is more than seven percent. In this case, the Indian market is a great opportunity for Russian companies.
Meanwhile, the Russian embassy in India has also said that the tariff imposed by the United States on India is unfair. Despite the US imposed tariffs on India, the Russian Embassy has said that we will welcome Indian goods in Russia. China, on the other hand, is now seen near India. Therefore, it is now likely that this tariff weapon of America can have an adverse effect on America.
Since India is buying oil from Russia, Donald Trump has decided to impose a 50 percent tariff on India. The tariff will be implemented from August 28. However, India has continued to buy oil from Russia. The attitude of the Government of India has been that the interests of our country are important to us.
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