Trump Tariff Hike: US President Donald Trump has imposed a total of 50% tariffs on India for purchasing Russian oil. Despite this, Union Minister Piyush Goyal said that India is moving firmly, is preparing to deal with business obstacles.
Donald Trump Tariff on India: Due to buying Russian oil, US President Donald Trump has imposed 50 percent tariff on India. Due to this, concern is being expressed that India’s growth rate may decrease. Exports may decrease. In this regard, Union Minister Piyush Goyal said in a business Today program that India will “bow down to anyone”. This answer reminiscent of the film Pushpa’s famous dialogue ‘Jhoomi Nahi ..’.
Goyal said that today the country is very strong and full of confidence, is developing at the rate of six and a half percent annually and it is likely to rise further. They said,
I am confident that India will export more than last year this year. Measures are already being taken to deal with business obstacles.
The talk on free trade agreement with EFTA group
On future free trade agreements, Goyal said that India’s approach has only moved beyond the demand for fees concessions. Recalling the conversation with European Free Trade Association of four countries, he said, said,
We are 4 trillions of US $. The fastest growing big economy in the world is. We have the power of youth. At the same time, your population is getting old.
EFTA member countries will invest US $ 100 billion in India
Explain that EFTA includes Iceland, Lichenstein, Norway and Switzerland. Goyal said that EFTA member countries have agreed to invest US $ 100 billion (more than Rs 8.75 lakh crore) in India. This will create 10 lakh direct employment and about 50 lakh jobs in total. The EFTA agreement will come into force from October 1 and its benefits will appear. “
Rahul Gandhi will not forgive the country
Goyal targeted Congress MP Rahul Gandhi to call the Indian economy “dead”. He said, “It is a matter of shame to repeat the negative story by the Leader of the Opposition. I condemn him for this. The country will never forgive Rahul Gandhi for these derogatory things. The whole world considers us as the fastest growing big economy, which is contributing 16 percent to global development.”