'India is not a dead economy, the five largest economy in the world', India has given an appropriate response to Trump's tariff! - Trumps Dead Economy claims India strong response and growth
Trade Minister Piyush Goyal responded when US President Donald Trump described the Indian economy as death, and India contributes 16% to the development of the world and is one of the top economies. He said India is moving to self -sufficiency and that the government is testing the effects of 25% fees. The government is committed to protecting the interests of farmers and entrepreneurs. Jagran Bureau, New -Delhi. US President Donald Trump has described the Indian economy as dead in India’s difficult attitude in the trade agreement. In response, Trade and Industry Minister Piyush Goyal said that India contributes 16 percent to the development of the world and India is one of the five economies in the world. India is also expected to become the third largest economy in a few years. In less than a decade, India has become the fastest growing economy in the world coming from the weak economy. Goyal told Parliament on Thursday that after Trump’s announcement that he had imposed a 25 percent fee on India from August 1, that India moved with confidence to take care of himself. The government tests the effects of 25 percent fees. The government’s emphasis on farmers, laborers, entrepreneurs is working on the Ministry of Trade and Industry, and all stakeholders, including industries, and take information about their assessment on this topic. In his separate speech of both the houses of parliament, Goyal again said that the government gave the greatest interest to protect and promote the well -being of farmers, workers, entrepreneurs, exporters and anyone associated with MSME. He reiterated again that we would take all the necessary steps to secure and move forward our national interests. America has put India under pressure to open India’s agricultural and dairy market markets for itself. India did not listen to America. Only then did the US announced a 25 percent fee and fine on India. Goyal also told Parliament that India and the United States began discussions in March this year about a fair, balanced and mutually beneficial bilateral trade agreement, which aims to comply with the first phase of the agreement until October-November this year. There were four round meetings between the two sides in this direction. In addition, many meetings were also held in virtual way. After Trump’s statement on the Indian economy, Goyal said our exports have been constantly increasing over the past 11 years. India has entered into mutually beneficial trade agreements with countries of the UAE, Australia and the European Free Trade Association (EFTA) and we are committed to holding similar trade agreements with other countries. We are constantly working on the well -being of farmers and Indian agriculture, so that food security and prosperity can be ensured.