Modi Takes Driver Seat for Economy

New Delhi: Prime Minister Narendra Modi held an Economic Counseling Council (EAC) meeting to review the current situation of the economy among the 25 percent tariffs implemented by the US on Monday. However, the government said that the government weighed all options, EAC will shape India’s economic reaction and re -calibrate the global trade strategy.

The meeting arrived days after US President Donald Trump brought a 25 percent tariff in India’s exports to the United States and doubled from August to 50 percent to punish the new Delhi for oil purchases from Russia. Tariffs, jewels and jewels, textiles and shoes, such as 40 billion dollars of exempted Indian exports are likely to affect.

The EAC meeting is gaining importance because Chinese Foreign Minister Wang Yi coincided with a two -day visit to India from Monday. In addition, the Foreign Minister’s Minister of Foreign Affairs Jaishankar’ın trade ties with the United States, depending on the uncertainty with Beijing and Moscow, trying to engage in the visit of Russia days before the visit.

However, the sources said that seven ministers, including Finance Minister Nirmala Sithaman, also attended the meeting on the residence of Modi’s Modi. Previously, the proposed India-USD Bilateral Trade Agreement was postponed from Washington because a trade team postponed its new Delhi visit. The talks were planned to be held between 25-29 August. “This visit is likely to be planned, dedi an official source said.