The world economy faces a grave new threat as US President Donald Trump’s intensified tariffs are raising fears of a deepening economic crisis in India. Experts warn that the recent decision to increase tariffs on Indian goods by 50 percent has made conducting business extremely risky for exporters. The move is seen as a significant blow to India’s manufacturing and export sectors, with many stakeholders expressing concern over the potential slowdown.
Just a day after announcing an additional 25 percent tariff on Russian oil imports, Indian traders have voiced fears that such measures could severely hamper the country’s economic growth. The situation has become so serious that Prime Minister Narendra Modi has publicly acknowledged the personal sacrifices involved, stating, “I am prepared to pay a high price for this,” emphasizing the gravity of the ongoing trade tensions.
Opposition leader Rahul Gandhi has criticized the tariffs as “economic blackmail,” accusing the US of using trade policy as a political weapon. The Indian stock market reflected investor anxiety, with key indices falling approximately 0.31 percent on Thursday, amid these mounting concerns.
As global trade tensions escalate, India’s economic stability appears increasingly vulnerable, with experts warning that continued tariff hikes could lead to a significant slowdown in growth and impact millions of jobs and industries across the country. The latest developments highlight the fragile state of international trade relations and the potential for a broader economic fallout.
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