Finfluencer Akshat Shrivastava on Thursday took to social media to offer a actuality examine to Indians after US President Donald Trump’s tariff shocker. Shrivastava wrote that many individuals don’t perceive the seriousness of the US’s excessive tariffs on India.
Performing some quantity crunching, the finfluencer talked about that India is attempting to turn out to be a middle-income nation and wishes as many as commerce partnerships as doable. He mentioned that alienating huge economies such because the US and China is the quickest technique to kill India’s progress prospects.
“Our per capita GDP is ranked 120+; we’re a poor nation. And, try to maneuver to a middle-income nation. We require as many partnerships as doable. Particularly, with main buying and selling blocks of the world. Alienating huge economies is the quickest technique to kill our progress prospects: we’re not aligned with China & US does not need us,” he wrote on X.
Moreover, he defined that India has struggled to develop its manufacturing base and its IT trade is marred by headwinds and job losses. “”Schemes like Make in India have failed spectacularly to the purpose: the place now we have sitting CMs inaugurating Tesla showrooms,” he wrote.
The finfluencer additional highlighted that AI goes to chop labour prices massively, and low cost labour shouldn’t be a bonus anymore. “We want US’s tech stack to construct our subsequent tech revolution (publish IT). Greater than they want India’s labour,” Shrivastava signed off.
In the meantime, Commerce Minister Piyush Goyal addressed the Lok Sabha, emphasising the federal government’s proactive stance in response to america’ imposition of a 25 per cent tariff on Indian items. Goyal assured the meeting that the federal government is dedicated to defending these pursuits.
“Authorities is analyzing the impression of the latest occasions. Ministry of Commerce and Business is holding talks with exporters, industries and stakeholders,” he mentioned.
Goyal highlighted the significance of safeguarding varied sectors, stating, “Authorities offers utmost precedence to the welfare of farmers, labourers, entrepreneurs, industrialists, exporters, MSMEs and stakeholders of the economic sector.”
The bilateral commerce relationship between India and the US has been beneath scrutiny, with talks initiated in March 2025 geared toward establishing a Bilateral Commerce Settlement (BTA).
Piyush Goyal talked about that “the objective of this was to complete the primary stage of the settlement by October-November 2025.”
The announcement by Donald Trump cited India’s excessive tariffs on US items and described India’s non-monetary commerce limitations as “obnoxious.” He defended the tariffs, stating they’re a “penalty” for India’s ongoing ties with Russia.
