PM Modi Pledges Strong Stance on Policies Affecting Farmers, Fishermen, and Cattle Rearers

IO_AdminAfrica6 hours ago10 Views

quick Summary:

  • Prime Minister narendra Modi emphasized that India will not compromise on the interests of farmers, livestock rearers, and fishermen during his Independence Day speech on august 15, 2025.
  • The U.S. is demanding reduced tariffs on agricultural products like corn, soybeans, almonds, ethanol, and dairy goods as part of a proposed bilateral trade agreement (BTA).
  • India has rejected these demands due to concerns about the potential impact on its farming and related sectors.
  • Steep tariffs imposed by the U.S. have escalated trade tensions between the two nations. The Trump management increased tariffs on Indian goods to 50%, effective from august 27; additional tariffs of 25% currently apply.
  • Historically, India has refrained from granting tariff concessions to trading partners in agriculture-related BTA agreements.

Indian Opinion Analysis:

Prime Minister Modi’s stance underlines India’s prioritization of strategic protection for domestic agriculture as it faces increasing global pressure for market liberalization. With an already fraught trade relationship amidst escalating U.S. tariffs on Indian goods – including a looming increase to 50% – this firm position reflects India’s apprehensions regarding disproportionate impacts on small-scale farmers and allied sectors like dairy.

The rejection of tariff demands in key agricultural sectors echoes earlier patterns in India’s trade negotiations with Europe and other nations were protecting rural livelihoods remained a critical point. While maintaining such policies can sustain rural economies within India short-termly, they could limit broader commercial agreements fostering stronger economic growth via eased international access unless balanced adequately Those must trim text confines further .

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