Saralnama
From 27 Aug 2025, the US has imposed a 50% tariff on Indian goods. This includes an additional 25% penalty over India's purchase of Russian oil. The move affects many Indian exporters and may slow economic growth. Prime Minister Narendra Modi urged Indians to support 'Make in India' and announced tax cuts to help businesses and consumers. He also called for self-reliance and encouraged small shops to display 'Swadeshi' boards. Experts say tax reforms and lower GST rates could boost spending and help the economy. Despite challenges, India received a sovereign rating upgrade recently, which may attract more investment. Trade talks between India and the US have been paused amid tensions over these tariffs. (Updated 27 Aug 2025, 10:24 IST; source: link)