India plan on trump tariff: The Government of India is now gearing up to deal with the challenge of 50% tariffs imposed by US President Donald Trump on Indian products. A senior government official has announced that the government is taking several major steps to provide relief to exporters and promote trade, including the introduction of an ambitious ‘export promotion mission’ worth Rs 25,000 crore. This step is not only to combat US pressure, but it is also part of a far -reaching strategy to make India’s export self -reliant and competitive.
Trump’s tariff, trying to pressurize
The US has started levying a total fee of 50% on Indian products from 27 August. It also includes 25% additional fee levied as fine for purchasing oil from Russia. This decision is being seen as an American attempt to pressurize India. Its direct impact is expected to fall on labor-dominated areas of India such as textile, machinery, shrimp, leather-footwear and gems and jewelery. However, a senior Commerce Ministry official said that this tariff would affect these areas in a short period of time, but it would not be long -term damage. He said that this is a warning for India as well as a big opportunity to diversify its exports.
Government’s strategy, cash and loan help
The government is now making concerted efforts to solve the concerns of exporters. The government is considering taking steps such as emergency loan guarantee scheme for exporters associated with micro, small and medium enterprises (MSMEs), an extension of up to one year on loans and extending the time limit of export payment. This will help exporters who can face cash crisis due to American tariffs. In addition, the e-commerce export hub scheme is also being implemented rapidly to promote small and medium exporters.
25,000 crore ‘Export Promotion Mission’
There is a plan to implement the ‘Export Promotion Mission’ announced in the budget for six years from 2025 to 2031. Under this mission, support measures of about Rs 25,000 crore are proposed. This mission will be implemented under two sub-schemes, ‘export promotion’ and ‘export direction’. The scheme focuses on creating a strong and flexible supply chain to strengthen India’s exports. Fiyo President S.C. A delegation led by Ralhan met Finance Minister Nirmala Sitharaman and apprised him of his concerns. The Finance Minister has assured the exporters that the government stands with them and will help all possible.
Focus on 40 countries, new market strategy
In response to increasing stress with the US, India has launched a special outreach program in 40 major markets, with special attention to promoting textile exports. These countries include countries such as UK, Japan, South Korea, Germany, France, Italy, Spain, Canada, Mexico and Australia. This strategy makes it clear that India will not depend on only one global power, but will make its economic and business partnership diverse. The government believes that this situation is temporary and the Indian industry can be made self -reliant and competitive through long -term strategies. The Ministry of Commerce is now widely discussing the search for new markets with exporters.
