In Tamil Nadu, 75 million people work in the textile industry. Image Credit Source: (Kazi Salahuddin razu/getty images)
50 percent of America’s tariffs have worried the country’s textile, jewelery and carpet industry. America’s tariff has come into force on India from August 27. Now many items from India to America will be charged 50 percent. This means that Indian goods will become expensive in America, which is likely to reduce exports. Factories located in places like Tamil Nadu, Andhra Pradesh and Bihar may have to lose a lot of orders and can go to millions of workers. However, this problem can be dealt with through ‘Swadeshi Diwali’.
Trade in the country increases in the festive season starting before Diwali. If people buy indigenous goods this Diwali, then these artisans can avoid going to jobs. Understanding from the example, 75 lakh people in Tamil Nadu alone work in the textile industry. If exports decline, about 3 million jobs may be in danger. The same threat is also for shrimp farmers, carpet makers and jewelry artisans.
Government is looking for another way
The government of the country is looking for new avenues to reduce the impact of America’s tariff. The government is trying to help industries by finding new markets, but it may take time. Meanwhile, these workers need the support of the people of India. People can buy clothes or goods made in India instead of buying important clothes or goods. In this way, factories will continue to run and workers can be saved their jobs.
This is how you can help
People can help industries by buying indigenous goods. When we buy products made in India, then the carpets of Uttar Pradesh, Makhana of Bihar, Andhra’s shrimp, we are helping those families who depend on these jobs. So this Diwali can also illuminate their homes by adopting indigenous.
How long will the tariff last?
From August 27, 50 percent of the tariff of America imposed on India has come into force. The US has imposed 25 percent extra tariff to buy oil from Russia. However, the government’s efforts to end the tariff or its effect are going on. Meanwhile, America’s notes are also seen changing. A day ago, US Finance Minister Scott Besant has said that he hopes that both America and India can come together once again. He clarified that India was not only imposed on tariffs for purchasing Russian oil. Axperts believe that it could also be an attempt to create pressure between the ongoing trade agreement between the two countries.