{"id":80492,"date":"2025-08-19T17:58:08","date_gmt":"2025-08-19T17:58:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/80492\/"},"modified":"2025-08-19T17:58:08","modified_gmt":"2025-08-19T17:58:08","slug":"india-will-be-what-bjp-said-on-impact-of-trumps-tariff-cites-local-consumption-india-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/80492\/","title":{"rendered":"‘India will be …’: What BJP said on impact of Trump’s tariff; cites local consumption | India News"},"content":{"rendered":"

\"'IndiaBJP national spokesperson Syed Zafar Islam NEW DELHI: The Bharatiya Janata Party<\/a> (BJP) on Tuesday downplayed the impact of US President Donald Trump’s decision to impose a 50 per cent tariff on India, asserting that India\u2019s economy would be “least affected” by tariffs despite global pressures.Addressing a press briefing, BJP national spokesperson Syed Zafar Islam said India was \u201cgoing to be the least affected by tariffs\u201d due to its strong domestic consumption base.<\/p>\n

India Reacts To Trump-Putin Alaska Summit As Tariff Threat Looms Over Russian Oil And Exports<\/p>\n

\u201cA lot of people are talking about tariffs these days… I want to tell you in brief that India is such a country that is going to be the least affected by tariffs. What is the reason for that? Today, there is a 57-58% contribution of local consumption to our GDP… Whatever impact there is in our economy, the pace at which it is moving, it is not going to decrease; rather it will grow faster. That is why when the rating agency saw that there is one such positive thing in India that 20% of the world’s population lives in India, there is local consumption and this is not an export driven economy, India will comfortably bear this problem too,\u201d Islam said.<\/p>\n

Poll<\/p>\n

Do you think India’s strong domestic consumption can mitigate the effects of global tariffs?<\/p>\n

He further noted that India\u2019s economic performance stood in sharp contrast to Western nations. \u201cLooking at the global scenario today, inflation in America and the UK is higher than ours. Today, the whole world is grappling with inflation, while here, inflation is under control. The Congress often discusses Food Inflation; I want to tell them that today, food inflation in the country is -1.6%. This means the prices of food and drink items have decreased,\u201d he said.The BJP spokesperson also credited Prime Minister Narendra Modi\u2019s economic policies for strengthening India\u2019s global position.\u201cAt a time, when the world is grappling with economic turbulence and pricing challenges, international rating agencies hold a positive outlook on India\u2019s economy. This transformation has been made possible by the government\u2019s policy measures and reforms. I thank the people of our nation for choosing a stable and strong government three times in a row… The kind of policies that Prime Minister Modi has adopted since 2014, I can proudly say today that the country’s economy has not only become stronger but is also racing forward rapidly. From all institutions and economists around the world, only positive signals are coming regarding India’s economy,\u201d Islam said.<\/p>\n","protected":false},"excerpt":{"rendered":"BJP national spokesperson Syed Zafar Islam NEW DELHI: The Bharatiya Janata Party (BJP) on Tuesday downplayed the impact…\n","protected":false},"author":2,"featured_media":80493,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,61151,1348,99,36022,61155,164,61156,61153,8061,1209,25238,6464,8060,61154,61152,3358,1055,43092],"class_list":["post-80492","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-bharatiya-janata-party","tag-breaking-news","tag-business","tag-donald-trump-tariff","tag-economic-performance","tag-economy","tag-food-inflation","tag-global-economic-challenges","tag-google-news","tag-india","tag-india-economy","tag-india-news","tag-india-news-today","tag-international-rating-agencies","tag-narendra-modi-policies","tag-today-news","tag-united-states","tag-us-india-trade-relations"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/80492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=80492"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/80492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/80493"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=80492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=80492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=80492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}