BJP spokesperson Dr Syed Zafar Islam said India will remain resilient against tariff hikes, highlighting strong local consumption, controlled inflation, and global agencies’ positive outlook on the economy under Prime Minister Modi’s policies.
BJP presser on tariffs
Reflecting upon the imposition of high tariffs on India, BJP National Spokesperson Syed Zafar Islam on Tuesday said that “India will comfortably bear this problem too,” as there is a lot of local consumption in the country, and this is not an export-driven economy.
Addressing a press conference, he said,”…A 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 per cent contribution of local consumption to our GDP.”
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He added, “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 per cent 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.”
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#WATCH | Delhi: BJP National Spokesperson Dr Syed Zafar Islam says “…A 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… pic.x.com/flUe7Z1rWJ
— ANI (@ANI) August 19, 2025
He stated,”… Looking 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 per cent. This means the prices of food and drink items have decreased…”
He added that at a time when the global economy is struggling with turbulence and rising prices, international rating agencies continue to view India’s economy positively. He credited this shift to the government’s policy measures and reforms, and thanked the people for electing a stable and strong government for three consecutive terms. Highlighting Prime Minister Modi’s policies since 2014, he said they have strengthened the economy and accelerated its growth, with global institutions and economists consistently giving positive signals about India’s performance.
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