Amid Tariff Dispute, PM Modi’s Economic Advisor Suggests Measures To Mitigate Impact Of Trump’s 50% Penalty | India News

New Delhi: Prime Minister Narendra Modi’s Chief Economy Advisor V Anantha Nageswaran said that US President Donald Trump imposed on Indian goods on Indian goods can be padded with strong domestic consumption and increasing rural demand.

Nageswaran said that the negative impact on employment will be largely limited to the export -oriented sectors that are significantly exposed to the US market.

“Yes, job loss will be made to the United States exported to the United States. Secondly, some may find alternative markets and decide to get an intermediary and long -term opinion if an agency that they have to choose their requirements temporarily, in case of ongoing discussions on the Gmanics. Moment.

#WRISTWATCH | Delhi: In the US tariffs, Chief Economy Advisor V Anantha Nageswaran said, “There will also be balancing effects. Yes, the loss of job loss will be included in the United States United States. pic.twitter.com/sljixgsjp– Ani (@ani) 30 August 2025

He also stressed that any loss of US tariffs can be balanced with a particularly good monsoon and a solid domestic demand directed by the increase in agricultural and rural consumption.

“But other than that, I would like to state that you may be compensation from higher domestic demand. We have had a very good monsoon season. Agriculture and rural demand will increase … So work loss does not have to be important.”

At the beginning of this month, President Trump announced a 25 percent basic tariff to the United States on Indian imports and followed a 25 percent tariff in India’s purchase of Russian oil in the midst of the ongoing war in Ukraine.

The Trump administration warned that if it does not reduce India’s dependence on Russian energy, it may face secondary sanctions. White House Economic Advisor Peter Navarro said that the peace road in Ukraine has passed through Delhi ”.

India condemned the tariffs and called them “unfair ..