The Indian government is actively working on strategies to address the impact of the recent U.S. tariff hike, according to DEA Secretary Anuradha Thakur. These measures aim to safeguard the country’s economic interests and ensure stability in domestic markets. The focus remains on boosting domestic demand and supporting local industries that might be affected by increased U.S. tariffs.
The government is also committed to meeting its fiscal deficit target despite these new challenges. Officials are evaluating a range of policy responses to mitigate any adverse effects on exports and the overall economy. By implementing proactive solutions, India aims to maintain economic growth and protect the interests of its industries and workforce.
Proactive Steps for Economic Stability
Authorities stress the importance of timely and effective action to manage the fallout from international trade developments. The administration’s efforts highlight a strong resolve to keep the economy resilient and responsive to global changes.
Sources:
The Hindu – Government working on solutions to mitigate impact of U.S. tariff hike
