The New Era of India’s Economic Sovereignty”

Poonam Sharma
In recent years, India has been confronting pressures from abroad, especially from America, in terms of its economic policies and trade with other nations. America has criticized India’s policies, but one needs to keep in mind that India is aiming to become economically self-sufficient and safeguard its own interests.

The Tariff Imposition: A Strategic Move

The recent imposition of tariffs by the US on India has been under debate. But it is important to point out that India has not been greatly affected by these tariffs. On the contrary, the economic policies of India are such that they are aimed at encouraging local growth and less reliance on external agencies.

The Russia-Ukraine Conflict: A Global Perspective

The current war between Russia and Ukraine has created a complicated geopolitical scenario. America and its allies are attempting to sanction Russia, but India has been taking a divergent approach. India has remained purchasing oil from Russia, citing its national interest and economic requirements.

The Real Agenda: Breaking the Dollar Monopoly

The BRICS countries such as Brazil, Russia, India, China, and South Africa are collaborating to end the dollar monopoly and initiate their own currencies. This action has far-reaching implications for the world economy and economic independence of India.

The US’s Unreasonable Demands

The US has been making unrealistic demands from India, especially in the agricultural industry. The US desires to enter the Indian dairy market, which could deal a severe blow to Indian farmers and the agricultural industry. India has been guarded in its moves, keeping its national interests foremost and safeguarding its farmers.

India’s Stand on Ukraine: A Sovereign Decision

India’s position on the Ukraine war has been determined by its national interests. The nation has refused to side with anyone and opted for keeping good relations with both parties. The US efforts to coerce India into adopting a specific position have been rebuffed, as India has insisted on exercising its sovereignty and independence.

The Hypocrisy

The EU and  US has been accused of hypocrisy in its interactions with Russia. While the US has been punitively sanctioning Russia, it has also been purchasing titanium  and uranium from Russia. The double standard has not been unnoticed by several nations, including India.

India’s Growing Economic Strength

While pressures from abroad, India’s economy is likely to expand immensely in the next few years. The economic policies of the country are aimed at encouraging indigenous growth, minimizing its reliance on foreign sources, and securing its national interests.

Conclusion

Finally, India’s economic policies and external trade are determined by its national interests. The nation is pursuing economic independence and sovereignty. Though there may be continuous external pressures, India is capable of dealing with the same and coming out strongerr.