Indian economy resilient despite global uncertainty: HM Amit Shah on US tariffs

IANS April 10, 2025 337 views

India's economic landscape is showing remarkable strength in the face of international trade challenges. Home Minister Amit Shah has confidently addressed concerns about recent US tariffs, emphasizing the nation's resilience. The government remains committed to ongoing bilateral trade negotiations with the United States. Despite external pressures, India continues to strategically position itself in the global economic arena.

"It's too soon to determine the impact. India is not the only country facing tariffs." - Amit Shah
Indian economy resilient despite global uncertainty: HM Amit Shah on US tariffs
New Delhi, April 9: Union Home Minister Amit Shah on Wednesday said that external pressures would not cause panic among Indian citizens as the domestic economy remains resilient despite global uncertainties, as US reciprocal tariffs came into effect.

Key Points

1

India remains confident despite US reciprocal tariff challenges

2

Bilateral trade agreement negotiations continue with US

3

Economic resilience highlighted at Rising Bharat Summit

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Modi-Trump discussions frame ongoing trade dialogue

Speaking at the ‘Rising Bharat Summit’ in the national capital, Home Minister Amit Shah said that it is too soon to determine the impact of Trump tariffs but asserted that India's economy is resilient to such pressures. “It's too soon to determine the impact. India is not the only country facing tariffs. Several countries are facing tariffs. Maybe our goods can be exported to other countries too,” the Home Minister told the gathering.

Amit Shah further stated that US tariffs are a complex issue, and it is not wise to determine their impact in haste. He also emphasised that India’s economy is resilient and assured that such external pressures would not cause panic among Indian citizens.

Earlier, Union Commerce Minister Piyush Goyal said that India will work with the US to secure exemptions from President Donald Trump’s 27 per cent reciprocal tariffs. India has reached an understanding with the US to ink a bilateral trade agreement (BTA) by the fall of this year.

According to External Affairs Minister S. Jaishankar, New Delhi's plan is to solidify a trade deal, as the effects of US reciprocal tariffs are still unknown. “We decided that we will engage the (Donald) Trump administration early on this set of issues and we were very open with them, very constructive with them as they were with us, and what we agreed to do was to try to negotiate a bilateral trade agreement by fall of this year,” he said at the event earlier in the day.

Following bilateral talks between Prime Minister Narendra Modi and President Trump in Washington DC in February, the two nations announced that they would negotiate the first tranche of the BTA by the fall of 2025.

Reader Comments

R
Rahul K.
Glad to see our leaders showing confidence in the economy! 🇮🇳 The US tariffs are concerning but we've faced bigger challenges before. Let's hope the trade negotiations go well.
P
Priya M.
While I appreciate the optimism, I wish there were more concrete details about how they plan to mitigate the tariff impacts. "Resilient" sounds good but what's the actual plan?
A
Arjun S.
This is why we need to focus more on domestic consumption and reduce export dependence. Make in India should mean consume in India first!
S
Sunita R.
The ministers sound confident but I worry about small exporters. Hope there will be special support for MSMEs affected by these tariffs. They're the backbone of our economy.
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Vikram J.
Interesting point about redirecting exports to other countries. Maybe this is an opportunity to strengthen trade with African and Latin American markets? Every cloud has a silver lining!
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Neha P.
The timeline till 2025 seems long though. Hope they can fast-track some parts of the agreement to provide relief sooner. 🤞

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Tags:
Amit Shah Indian Economy US Tariffs Trade Negotiations Bilateral Trade Narendra Modi Donald Trump
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