India can give a befitting reply to Trump, who puts high tariffs on India, these are three options

Us high tarifs: The additional 25 percent tariff imposed by US President Donald Trump over India will become effective from a day after a day i.e. from Wednesday. For this, a formal notification has been issued by Washington on Tuesday. After this, the total tariff rates of the US on India will increase to 50 percent as the base tariff 25 percent has been imposed earlier this month. That is, India will also be included in those countries, on which America has put the most tariff.

Regarding this, it has been said on behalf of PM Modi that the farmers of the country are first for him. Earlier, long business talks between India and America were inconclusive. A big factor behind this is that the US wants India to open agriculture and dairy sector for it. But India is not ready for this because the interests of the farmers of the country are directly connected behind it.

What is the option now?

In such a situation, the question is arising that when the American high tariff will become effective on India, then what option will be there to counter it in front of the Central Government. Let us know –

1. India is exported to about $ 87 billion in the US, which is equal to about two and a half percent of the Indian economy. Products that are exported to America by New Delhi are prominently – leather, jewelery, textile, chemicals, auto parts and marine products. However, some sectors like pharmaceuticals, semiconductors and energy resources have been given a complete discount from this tariff. In such a situation, India will now have to try to increase exports to South East Asia, Europe and African countries and reduce American dependence.

2. After the US high tariff, it will be difficult for Indian exporters to stay in the US market. Because the tariff rates on other countries will be much lower than India. In such a situation, India has the option to turn to other markets, on the other hand, give subsidy to industries at the domestic level. Promote the consumption of household goods. This will reduce the effect of US tariff on India’s economic pace.

3. The way India has bought oil with Russia, due to which the US has imposed 25 percent penalty, in such a situation, India should now interfere in the Russian market. It has also been said from Russia that it is ready to open its economy for India. In such a situation, India should move forward on that option.

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