Donald Trump has imposed 50% tariff on India’s exports, which will directly affect Indian exporters and workers and can pose a threat to millions of jobs. However, the Modi government has prepared a strategy to deal with this situation. Like the relief schemes implemented during the Kovid lockdown, people and businesses will be given relief through new schemes. Also, work on long -term strategies to find a new market from America and strengthen the global supply chain is going on.

According to the report of Hindustan Times, two senior officials said that the government is first focusing on finding a solution to the cash crisis. Along with this, work is being done on covid-style schemes to save export and employment. Trump’s tariff can cause many problems, such as delay in payment, non -supply of goods, or cancellation of order. The aim of the government is that the exporters should be given necessary relief to continue the operation till the new market is discovered.

Government can announce relief package

According to officials, the government can again bring such relief packages like Corona was given during the lockdown. This is especially necessary for small and medium industries because they are facing cash problems. The government will pay attention to schemes like Emergency Credit Line Guarantee Scheme (ECLGS), in which 100% guarantee will be given loans without bail. This will save millions of small and medium industries from bankruptcy. In the lockdown, the same scheme rescued industries even after the industry was closed for 68 days.

Officials said that these schemes can be changed according to the current situation and its needs. The government will provide immediate relief as well as implement schemes in a phased manner so that long-term strategy can also be prepared. Apart from providing cash, strengthening the existing trade agreements and finding opportunities in the new market will also be faster.

GST will also get relief

Officials said that the government is also considering many reliefs related to tax, including GST reform. Many decisions related to tax reduction and improvement can be taken in the GST Council meeting to be held next week. He also said that due to the strength of the domestic market, India’s economy is safe and tariffs like external factors will not affect it much.

Officials said that the Indian economy remains strong and flexible due to domestic consumption. Although export plays an important role in economic development, it is only a small part of the country’s total GDP of 4.12 trillion dollars. The contribution of exports to the total GDP is about 10% i.e. $ 438 billion. For this reason, India’s economic growth rate was recorded at 7.8% even in the June quarter.

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Prime Minister of India Narendra Modi will probably talk to Brazilian President Luiz Enecio Lula da Silva on Thursday (7, August 2028) and is preparing to travel to China after 7 years in August. Both these steps have become even more important amidst deteriorating relations with America. Prime Minister Modi will go to Tianjin to attend the Shanghai Cooperation Organization (SCO) summit, where he will hold a bilateral meeting with President Xi Jinping, who returned from Moscow.

Conversation with lula
Brazilian President Lula Da Silva can talk to Modi over the phone to discuss the India-US trade war and the status of American tariff. Both of them had already fixed the time of conversation, but now it has become even more important, because Trump has imposed 50% tariffs on India and Brazil.

China Travel and SCO Conference
According to Bloomberg report, Prime Minister Modi will visit China in late August. He went here last time in 2018. He will take part in Tianjin in the meeting of the Shanghai Cooperation Organization (SCO), where he will meet Xi Jinping. This meeting is scheduled on 31 August and 1 September.

This diplomacy is important among America’s tariff
India has faced 50% tariffs when the Trump administration kept buying oil from Russia. India has made it clear that it will not stop purchasing from Russia for its energy security. India described Trump Tariff as “unjust”. Meanwhile, relations with BRICS countries like India, Brazil, China and Russia have become more important.

Other diplomatic activities
National Security Advisor Ajit Doval is currently in Russia’s capital Moscow. Foreign Minister S. Jaishankar’s visit to Russia was already decided. India is also preparing to invite Russian President Vladimir Putin later this year.