By Admin 
Trump Tariff Policies: The American tariff policy has created a stir all over the world and its impact on the global industry is clearly visible. Meanwhile, former RBI governor C Rangarajan says that President Trump’s economic policies are not only affecting global trade, but can also prove to be suicide for the US itself.
Addressing the 15th convocation of the ‘ICFAI Foundation for Higher Education’ on Friday, Rangarajan said that some policies of Trump have stalled global trade trends. Without naming ‘BRICS’, he said that the emergence of different groups with independent trade is inevitable, but the final goal should be a world in which trade is more open. He hoped that America’s policymakers would work wisely and change suicidal policies.
Deadly Trump’s policy for America
He said that India has been the most affected by this situation. India’s growth is uneven, as Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh, Gujarat and West Bengal contribute 52 percent of the national income, while the remaining states contribute 48 percent. Giving an example, Rangarajan said that the per capita income of Goa is 10 times more than Bihar.
The former RBI Governor said that to make India a developed nation, per capita income will have to be taken up to US $ 18,000. For this, major states will have to achieve a relatively rapid growth rate. For example, 8.71 percent for Tamil Nadu, 9.63 percent for Gujarat, 8.77 percent for Karnataka and 9.53 percent for Maharashtra are expected. At the same time, 17.4 percent growth will be required for Bihar and 14.5 percent for Uttar Pradesh.
India is the most affected
He said that the hypothesis of developed India is not only a statistical goal but a journey of broad change, for which the collective effort of both the government and the society is necessary. For this, focus on five concentrated areas-an increase of two percent in investment rates, adopting new technologies, encouraging labor-dominated areas, expanding social infrastructure such as health and education and strengthening the quality and effectiveness of higher education.
Also read: Gold and silver become cheaper, know the fresh sense of your city on 13 September 2025 today