The Indian government is studying the impact of a 25% tariff imposed by the United States President, who termed India a ‘dead economy’. In response, Commerce Minister Piyush Goyal stated in Parliament that India’s interests, particularly those of farmers, MSMEs, and exporters, are the government’s top priority. The government maintains it is not worried, highlighting that India is a ‘bright spot’ in the global economy. As Goyal puts it, "Today, international organizations and economists see India as a bright spot in the global economy." The opposition, led by LOP Rahul Gandhi, has attacked the government, echoing the ‘dead economy’ charge and attributing the tariffs to a failure of foreign policy. The potential adverse impact of the trade upheaval on India’s apparel sector, which accounts for a significant portion of trade with the US, is also a key concern.
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