Indian Economist Suriya Narayan Discusses Trump’s Impact on India-US Trade
In Chennai, Indian Economist Suriya Narayan shared his views on Donald Trump’s election as the President of the United States. He believes Trump’s presidency will benefit India’s export sector, especially in agro and pharmaceutical goods. Trump plans to impose a 60% duty on Chinese goods, which could open opportunities for Indian exports. Narayan highlighted the strong relationship between Prime Minister Narendra Modi and Trump, suggesting it will further enhance trade relations.
Narayan also mentioned that Trump’s promise to end the Russia-Ukraine war could positively impact the European economy and, in turn, benefit India. He noted that Indian-Americans played a significant role in Trump’s victory, which is celebrated by the community. Avinash Gupta, President of the Foreign Indian Association, emphasized the importance of Trump’s rapport with Modi for strengthening bilateral ties.
Additionally, Professor C Santhamma expressed her happiness over the election results, noting her family connection to JD Vance’s wife, Usha Vance.
Doubts Revealed
Suriya Narayan -: Suriya Narayan is an economist from India. Economists study how money and goods are made, shared, and used in a country.
Donald Trump -: Donald Trump is a businessman who was the President of the United States from 2017 to 2021. He made many decisions that affected trade and international relations.
Export potential -: Export potential means the ability of a country to sell its goods to other countries. If a country has high export potential, it can sell more products to other countries.
Agro sector -: The agro sector refers to agriculture, which includes farming and growing crops. It is an important part of India’s economy.
Pharmaceutical sector -: The pharmaceutical sector involves making medicines and drugs. India is known for producing a lot of medicines that are sold worldwide.
60% duty -: A 60% duty is a tax that is added to goods coming from another country. If a product from China costs 100 rupees, a 60% duty would add 60 more rupees to its price.
Prime Minister Modi -: Prime Minister Modi is the leader of India. His full name is Narendra Modi, and he has been the Prime Minister since 2014.
Russia-Ukraine war -: The Russia-Ukraine war is a conflict between Russia and Ukraine. It affects many countries, including those in Europe, because it can disrupt trade and cause economic problems.
Indian-Americans -: Indian-Americans are people of Indian origin who live in the United States. They often have strong ties to both India and the US.