New Delhi
US President Donald Trump had announced a fine of 25 percent tariff on Indian imports last week as well as a fine on purchasing oil and gas from Russia. After this threat, the White House hoped that India would come under pressure and Russian oil containers would stop coming to the Indian ports. But contrary to the expectations of the Trump administration, India continued to import Russian crude oil, tightening its stance. India dismissed the claims of America outright, stating that India had stopped taking Russian oil shipments. India responded to Trump’s warning on Monday, saying that threatening to increase tariffs on India to buy Russian oil is “inappropriate and impractical”. After this strict reply from India, US President Donald Trump was expected to react to a sharp response- and the same happened.
Trump’s statement and India’s answer
Donald Trump on its social media platform Truth Social Social wrote, “India is not only buying a huge amount of oil from Russia, but is also earning a big profit by selling a large part of the oil purchased in the open market. They do not care how many people are killing the Russian war machine in Ukraine. In response, India’s Foreign Ministry issued a statement saying, “It is inappropriate and impractical to target India. Like any major economy, India will take all necessary steps to ensure its national interests and economic security.”
Why India adopted a tough stance- 5 big reasons
According to Indian stock market experts, New Delhi is beyond the trading point of view. India is taking into account long -term goals, including ensuring safety and autonomy of the national economy. Experts gave five major reasons for this firm attitude of India:
1. Trump-India-Russia Triangle
Basav Capital co-founder Sandeep Pandey said, “After Operation Sindoor, the US President had indicated that Pakistan is close to him, as he did not use his veto power to stop IMF assistance. So it seems that India has decided that America is his ‘friend’, while Russia is his ‘brother’. When Russia is his ‘brother’. When he has to choose, he will choose brother instead of New Delhi.”
2. New Delhi’s tough stance on Indo-US trade agreement
India’s GDP is largely based on agriculture. If the agricultural sector is opened to foreign companies under the trade agreement with the US, factors such as inflation, growth rate can go out of the control of the Government of India. Sandeep Pandey said that the Indian economy is an agricultural-headed, where about two-thirds of the national GDP comes from the agriculture sector. Opening the region to a foreign player like the US may threaten the security of the national economy, as important factors like inflation and economic development can be out of the government’s control. This will give America access to the Indian economy, which may be a threat to India.
3. Naftha imports from Russia: China’s dominance challenge
India has recently started importing Naphtha from Russia, which is important for the supply of raw materials in areas such as petrochemical, plastic and defense construction. Y Wealth Director Anuj Gupta said, “It seems impossible to stop India’s crude oil imports from Russia, as India has started importing Nephetha from Russia. This step is the next step towards strengthening the Indian economy, which is an attempt to break the monopoly of China in the import of chemical, plastic and chemical resins. The monopoly in global trade has increased. This step of India is towards breaking this monopoly and India can soon become a pure exporter of Nephetha after meeting its domestic needs. ”
Seema Srivastava, Senior Research Analyst of SMC Global Securities, said, “India’s decision from Russia India is an important strategic change towards increasing economic flexibility and strengthening the industrial basis. This step brings variety in significant supply chain, which is essential to reduce excessive dependence on traditional sources and reduce costs in energy-intensive areas such as petrochemicals and defense manufacturing.”
4. Construction of self -sufficient defense system
India has not only been buying weapons from Russia for a long time, but has also shared defense technology. Naftha imports will give India new energy in defense production (such as fighter jets and drones). Sandeep Pandey said, “The US administration is trying to maintain many goals through Russian oil imports. They know that Russia transfers India to fighter aircraft and their technology, which has brought India in a position to develop indigenous fighter aircraft. Starting a nephhetic imports from Russia is the direction of strengthening India-Russian defense relations. Will be beyond the reality to accept the US demand to stop the import of Russian crude oil. ”
5. Preparation for counter -tariff and digital tax
Sebi-paste basic analyst Avinash Gorakshakar said, “Just as the US government has increased tariffs on Indian imports, the Indian government can also increase tariffs on American imports. However, American tariffs are like a threat, while Indian tariffs will be a diplomatic step. The Indian government can consider digital tax on income from online digital advertisements, which can consider re-applying digital tax, which which microsophies, melfabbat, metaphor, metaphoricals can consider, masta, masta, gonop, American tech like Amazon will be harmful for giants. ”
