Billionaire investor Mark Mobius said on Thursday that 50 percent of the tariffs imposed by US President Donald Trump on India will have little impact on the country, as India’s domestic market is very big. Talking to the news agency IANS, the legendary investor said that India is not completely dependent on exports like China. Due to this, the country is in a good position to deal with tariffs than other economies.

He further said, ‘India’s domestic market is very large and it is not dependent on exports like China. Apart from this, Indian software exports are also good and it will help protect against tariffs.

Tariff is not a big problem for India- Mobius
Mobius further said to IANS, ‘The summary is that tariff is not a big problem for India.’ Shipments worth more than $ 30 billion related to medicines and some electronic items like smartphones, semiconductor and energy have been excluded from the high tariff list so far from the US. The Trump administration has not yet included these major industries in the new tariff, which are going to be implemented in the next 21 days.

In addition, India has exported drugs and pharmaceuticals worth $ 10.5 billion and $ 14.6 billion as well as electronic products (mostly smartphones) in FY 25 respectively, which is 29 percent of its total exports to the US. Petroleum exports worth $ 4.09 billion in FY 25 are also safe from Trump’s new tariff, as the energy is excluded from the list of high tariffs. India exported $ 86.51 billion to the US in FY 25.

Appreciation of India’s economic growth
According to Mobius, the kind of GDP growth of India will help it to move forward on the path of becoming the third largest economy in the world. Mobius said, ‘Despite global uncertainties, the country is achieving a growth rate of 6-7 percent, which reflects the strength of its economy. This will help India to move forward.

In the last few years, India has become the fourth largest economy from the 11th largest economy in the world. In the case of total GDP (GDP) in 2025, India will be behind only America, China and Germany.

Amit shah in uttarakhand: Union Home Minister Amit Shah, while participating in the ‘Uttarakhand Investment Festival’ held in Rudrapur, Uttarakhand, praised the development work of the state under the leadership of Prime Minister Narendra Modi and Chief Minister Pushkar Singh Dhami. He said that those who had ever said that the future of small states will not be bright, today the same Uttarakhand is reaching the pinnacle of development. Shah said that the All Weather Road Project was rescued by the Modi government in the Supreme Court and now it is almost complete, so that the Chardham Yatra will run throughout the year.

Amit Shah’s target on Congress
Taking a dig at the Congress, Amit Shah said, ‘When the people of Uttarakhand were struggling for the demand of the state, then the Congress lashed sticks on the agitators. Uttarakhand was formed by BJP and Prime Minister Atal Bihari Vajpayee. He warned the Congress leaders- ‘When the state is doing well, stop putting bones in the havan in it, otherwise those who are looking left will also disappear.’

A statement on the issue of All Weather Road
Amit Shah said that when some activists were trying to stop the All Weather Road Project, the Modi government did not allow the project to stop by sending its lawyers in the Supreme Court. As a result, this road project has now successfully reached Chardham and will soon be completely operational. Due to this, tourists will be able to come to Uttarakhand for twelve months.

Mentioned the sacred sites of Uttarakhand
Referring to the spiritual importance of Uttarakhand, Shah said – ‘This is the land where one Jyotirlinga, three Shaktipeeth, Char Dham, Panch Kedar, Panch Kedar, Panch Prayag and Sapt Badri are located. No one can stop the development of such a state, whose part is full of faith.

Poor welfare and infrastructure development together
Speaking on the achievements of the Modi government, Amit Shah said- ‘Earlier it was said that if the infrastructure and industry developed, then the poor cannot be good, but Modi ji broke this myth.’ He said that the Modi government took 25 crore people out of the poverty line and run dozens of poor welfare schemes.

Investment of more than one lakh crores came in Uttarakhand
The Home Minister said that despite being a hill state, more than Rs 1 lakh crore has been invested in Uttarakhand due to the efforts of Chief Minister Pushkar Singh Dhami.
Out of the MoU of Rs 3.56 lakh crore at the Global Investment Summit of 2023, investment of 1 lakh crore has been landed on the land. In Rudrapur, five inaugurations of Rs 1,271 crore and 14 foundation stones were done today.

Comparison of Atal and Modi’s tenure
Shah said, ‘Atal ji created three new states like Uttarakhand, Jharkhand and Chhattisgarh and Modi ji worked to grooming them.’ ‘When Atal ji went, India was the 11th largest economy, and Modi ji has made India the fourth largest economy in the world.’ ‘By 2027, we will show as the third largest economy – you should write it.’

Uttarakhand is a wonderful confluence of culture and nature
Amit Shah said that the rivers of Uttarakhand give half India, drinking water, water for irrigation and life. The saints and Mahatma here have been protecting and developing culture for thousands of years on the banks of the Ganges. Uttarakhand has a unique confluence of nature and culture, which makes it special.