New Delhi: The Bharatiya Janata Party (BJP) on Tuesday reduced the impact of US President Donald Trump’s decision to impose 50 percent tariffs on India, saying that India’s economy would be “at least affected” with the tariff despite global pressures.Addressing a press briefing, BJP national spokesperson Syed Zafar Islam said that India was at least affected by tariffs due to its strong domestic consumption.“Many people are talking about tariffs these days … I want to tell you briefly that India is a country that is going to be at least affected by tariffs. What is the reason for this? Today, our GDP contributes 57-58% of local consumption … Whatever effect is in our economy, the speed at which it is moving forward is not going to decrease; Rather it will grow rapidly. This is why when the rating agency noticed that there is a positive thing in India that 20% of the world’s population lives in India, it is local consumption and it is not an export -operated economy, India will comfortably tolerate the problem, ”Islam said.He further said that India’s economic performance was contrary to Western countries. “Today, in view of the global scenario, inflation in the US and Britain is more than us. Today, the whole world is struggling with inflation, whereas here, inflation is under control. The Congress often discusses food inflation; I want to tell them that today, food inflation is -6%in the country.The BJP spokesperson also credited Prime Minister Narendra Modi’s economic policies to strengthen India’s global status.“At one time, when the world is struggling with the challenges of economic unrest and pricing, international rating agencies hold a positive attitude on India’s economy. This change has become possible through government’s policy measures and reforms. I do not thank the people of my nation for choosing a stable and strong government at a time. From all institutions and economists around the world, only positive signs about India’s economy are coming, ”Islam said.
