Politics2/1/2026•Bloomberg

Modi Takes Aim at Trump’s Threats With Budget to Shield India

Modi Takes Aim at Trump’s Threats With Budget to Shield India

The article discusses how Prime Minister Narendra Modi's budget aims to shield India's economy from the potential impact of Donald Trump's trade threats. The budget includes measures to boost domestic manufacturing and reduce India's reliance on imports, particularly of goods that could be targeted by U.S. tariffs. Key highlights include increased tariffs on products like electronic items and auto parts, as well as incentives for local production of goods that are currently imported. The goal is to make India more self-reliant and less vulnerable to external trade disruptions. The article suggests that this budget strategy is a direct response to the uncertainty created by the Trump administration's protectionist policies and the ongoing U.S.-China trade war. By strengthening India's domestic capabilities, Modi hopes to insulate the country's economy from the fallout of Trump's threats.

Source: For the complete article, please visit the original source link below.

Related Articles

Bloomberg logo
🏛️ Politics22h ago•1 min read

US Nabs Suspected China Spy for Surveilling Taiwan Leader’s Son

Bloomberg logo
🏛️ Politics22h ago•1 min read

‘Purgatory’ Corruption Case Puts Rule of Law on Trial in Slovakia

Bloomberg logo
🏛️ Politics23h ago•1 min read

Trump Hits Campaign Trail as GOP Support Slips

Bloomberg logo
🏛️ PoliticsYesterday•1 min read

Bolsonaro Allies Gain Senate Strength in Clash With Top Court

Bloomberg logo
🏛️ PoliticsYesterday•1 min read

Japan Demands Tighter US Troop Discipline After Okinawa Killing

Bloomberg logo
🏛️ PoliticsYesterday•1 min read

India Seeks Bigger Role in Effort to End the Russia-Ukraine War