Tariffs and Trade
The US imposed tariffs, doubling duties on Indian goods. These tariffs, initiated earlier in the year, are causing strain. PM Modi emphasized protecting
farmers and industries despite potential pressure, underscoring India's commitment to its people during this past event.
Oil and Strategy
Kant believes these tariffs aren't solely about Russian oil. He highlights it's about India's energy security and the country's strategic independence. The US's engagement with Russia and China, major buyers of Russian crude, is a key point in his argument.
US's Stance Explained
Kant points out the irony of the US's actions: negotiating with Russia and China while targeting India. This contradiction is seen as a form of penalization. He stressed that the US action should act as a wake-up call for India's economy.
India's Resilience Needed
India has historically resisted global pressure, and Kant believes this time shouldn't be different. He calls for bold reforms and diversification of export markets to ensure long-term growth and resilience. India must stand its ground.
