India has started to retaliate after America imposed 50% tariff on India
India first banned US soybeans and then announced a ban on California almonds and other models as well.
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And beyond that, India has started a partial ban on American companies like Coca-Cola and Pepsi.
Due to India's decision, the stocks of these companies have fallen in the US stock market
Due to which there is chaos in the White House.
Coca Cola and Pepsi earn billions of rupees every year from India by selling them in every village, city, mall and corner of India.
These companies do not just sell cold drinks in India – they have many products like Mirinda, Seven Up, Mountain Dew, Kinley Water. Their network is very large
What impact will this have on the Indian economy
These companies have a turnover of thousands of crores of rupees in India, but 60% to 80% of their profit goes directly to America.
These companies neither provide enough employment to India nor do our local industries get any major benefit
So what is the alternative?
Why chug down weird chemical-laden drinks when you could just grab a glass of Desi Lassi, Nimbu Pani, or fresh orange juice? Seriously, this is India—we’ve got a whole treasure trove of killer recipes. You’ll never run out of tasty, real stuff to sip on.
But now the Indian government has made it clear that if America does not withdraw its tariffs, then this ban can be fully implemented.