BJP leader Gaurav Vallabh celebrated the United States’ decision to lower tariffs on Indian imports to 18%, calling it a strategic victory for India’s MSMEs and manufacturing hubs. Delivered from Udaipur, his comments spotlight the deal’s role in elevating India’s global trade position.
Key beneficiaries include textiles, leather goods, gems and jewelry, engineering, and chemical industries, all gaining from the drop from 25%. Vallabh lauded the Modi-Trump partnership, quoting Trump’s nod to their ‘chemistry’ turning into economic progress. ‘Their handling of this deal deserves applause,’ he said.
Comparatively, India’s rate undercuts rivals: Bangladesh pays more in textiles, while Vietnam and Thailand face 20-21% in leather and crafts. Excluding US allies, this makes India the most favored, opening the vast American marketplace wider.
Vallabh’s analysis reveals a deliberate US tilt toward India, enhancing export viability and countering competitive pressures. This development arrives at a critical juncture for India’s post-pandemic recovery, promising export surges and MSME empowerment.
Stakeholders anticipate ripple effects: higher revenues, scaled production, and new employment avenues. As trade barriers fall, India’s narrative shifts from protectionism to proactive global engagement, reinforcing its manufacturing resurgence under visionary leadership.