Modi Slams ‘Economic Selfishness’ in Defiance of US Tariffs

In his Independence Day address, Prime Minister Narendra Modi criticized "economic selfishness" and advocated for self-reliance in India's economy. He announced tax cuts, promised policy reforms, and encouraged citizens to manufacture high-quality products domestically, in response to the protectionist global trade environment. Modi's speech emphasized the need for India to reduce its dependence on imports and focus on boosting domestic production and exports. He highlighted the government's efforts to improve the business climate and support local industries. The Prime Minister's remarks come amid rising trade tensions between India and the United States, as the two countries have imposed tariffs on each other's goods. Overall, Modi's speech underscored India's push for greater economic self-sufficiency and its willingness to defy global trade pressures, as it aims to position itself as a manufacturing and export powerhouse.