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America’s big decision: 50% tariff on India
America has decided to impose 50% extra tariff on India, which will come into effect from 27 August, 9:31 am. This decision has come due to India’s oil imports from Russia. Earlier there was a 25% tariff, now it has been doubled.
India’s response: Will promote ‘Make in India’
Prime Minister Modi started the export of Maruti Suzuki’s first electric car from Gujarat. Now these Made in India cars will be sold in 100 countries, including Japan.
7.5 lakh vehicles will be produced in India every year – which will create a strong industry
India vs US: Two Views
- US is pressuring India through tariffs.
- India is promoting independent manufacturing and exports through ‘Make in India’.
Contribution of Indian Consumer: Choosing Swadeshi Products
If 146 crore Indians buy Made in India goods worth ₹500 every month:
- Business worth ₹73,000 crore every month will remain in the country.
- Annual growth of ₹8.76 lakh crore will support Indian companies.
Retailers should display “Indigenous goods available” so that consumers get a clear message.
US Business Impact
Key points:
- New tariffs effective from August 27
- Goods shipped before September 17 exempted
- Steel, aluminium, automobiles – affected sectors
- Pharmaceuticals, electronics, IT – tariff-free (these are 52% of India’s exports)
Only 48% of exports will be directly affected, i.e. risk is under control.
India’s strategy: Options and opportunities
- Free trade agreements
India, Europe, Africa and Asian countries can trade together, reducing the entry barriers to US markets.
- Strategic ties with Russia
Benefits of cheap oil and strategic cooperation from Russia – great for energy and defence sector.
- Industry subsidy
The government can prepare textile, auto etc. sectors for global competition by giving targeted subsidy.
- Counter tariff
India can also impose tariff on US products (crude oil, diamonds etc.) – reciprocal approach.
New Alliance: India-China-Russia ‘Troika’
‘Troika’ – Combination of three global economic powers. Russia – energy supplier, India-China – big markets.
A shared market of three billion people can challenge the global position of America.
US-China trade tension
- America is threatening 200% tariff to China.
- There is confusion between the two countries regarding rare earth magnets.
China is on top in rare earth supply today – serious business challenge for America.
Learning from China: Technology and cost leadership
Apple, Tesla set up production plants in China. China learned the technology, then companies like BYD started competing with Tesla in the global market.
India should also adopt this model – increase technology transfer and production scale.
Business mantra for India: ‘Daam Kam, Dum Jyada’
Like China, India should also focus on technology adoption and cost efficiency. Making Make in India a global brand is the need of the hour.
Global Stage: SCO Summit in China
31 August-1 September, Tianjin – Modi, Putin, Xi Jinping on one stage. This will show the unity of the Global South against US tariffs.
Conclusion: Roadmap for a developed India by 2047
Gandhi said ‘Quit India’, now Modi is moving towards self-reliant India through ‘Make in India’.
It is time – make Swadeshi your business mantra and take India towards global leadership.
Action Points: What can you do?
- Buy Made in India products worth ₹500 every month
- Prefer ‘Made in India’ in the market
- Support Indian companies instead of foreign brands
Your small initiative can bring a big change in the country’s economy and business growth.
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Deal cancelled, shipment returned – direct impact on American retail
India cancelled an important textile deal worth ₹ 2200 crore at the last moment. Not only this, the containers sent to America were also recalled from mid-route. This decision has given a direct blow to the American fashion and retail industry. According to estimates, American companies have suffered a loss of about ₹ 800 crore. Supply chain disruption – risk of rising prices
55% of the clothes sold in America come from India. The sudden supply stop has increased the pressure on high-end brands of New York and Los Angeles. There is a possibility of stock out, which may lead to price rise. This situation has become a challenge for both the profitability and operation of American companies.
India’s strategic shift – focus on new markets
To manage US pressure, India has increased its focus on new markets like the European Union, Arab countries and Africa. Russia has given a big offer to India, through which Russia can take 50% of the supply left from America. Also, Russia is ready to buy medicines, rice and other products from India.
US tariff strategy fails
America announced to impose 25% tariff on textiles imported from India. But India gave a clear message – if there is no supply, then the effect of tariff is zero. This answer has brought a new challenge for policy makers of America.
India’s global positioning – diversification and self-reliance
India has signed textile deals with 22 countries, which is reducing its dependence on America. Also, India is strengthening its options in the minerals and food processing sector. Concerns about this change have increased among American companies.
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