Swadeshi Economy Is the Future, Says PM Modi After Tariffs

Swadeshi Economy: In the wake of escalating trade tensions following U.S. President Donald Trump’s announcement of a 25% tariff on Indian exports—along with an added penalty linked to energy imports from Russia—Prime Minister Narendra Modi has issued a clarion call for a Swadeshi Economy.

Addressing a charged rally in his parliamentary constituency of Varanasi on Saturday, the Prime Minister underscored the importance of national economic resilience. He spoke at length about the growing global uncertainty and the urgent need for India to protect its interests by reinforcing the domestic manufacturing ecosystem.

“Today, the world economy is going through many ups and downs. There is an atmosphere of uncertainty. In such a situation, every country is prioritizing its own interests. India, which is poised to become the world’s third-largest economy, must also protect its own economic future,” Modi declared.

Swadeshi Economy: ‘Swadeshi’ as a National Duty

In a speech that stirred both patriotism and pragmatism, Modi emphasized that India’s future hinges not only on policy but also on the collective resolve of its citizens.

“This is not just Modi’s voice, this is the voice of every Indian who dreams of a strong and self-reliant nation,” he stated. “Whenever we go to buy something, our first question should be: Was this made by an Indian, using Indian skill, Indian labor, and Indian resources? That is what ‘swadeshi’ means. That is what will power a Swadeshi Economy.”

The Prime Minister’s remarks follow closely on Trump’s Wednesday announcement, which also included a disparaging comment labeling India and Russia as “dead economies.” The Indian government responded swiftly, stating that it is reviewing the implications of the move and preparing strategies to protect national interests.

‘Vocal for Local’—More Than a Slogan

Modi renewed his push for the “Vocal for Local” mantra, elevating it from a marketing catchphrase to a call for economic sovereignty.

“I want to appeal to all my business brothers and sisters, to every shopkeeper across the country—this is the time to stand with India. Let us sell and promote only Indian products. Let us resolve that every new purchase we make contributes to the Swadeshi Economy,” he said.

Calling it a “true tribute” to Mahatma Gandhi, Modi stressed that embracing local goods is a moral, economic, and strategic duty in today’s turbulent world.

Swadeshi Economy: Commerce Ministry Responds to Tariff Shock

Responding to the sudden imposition of tariffs, Commerce Minister Piyush Goyal addressed Parliament on Thursday. He confirmed that the government is in dialogue with stakeholders to gauge the impact and formulate a measured response.

“We are actively engaged with exporters, industry bodies, and trade partners. The welfare of our farmers, workers, MSMEs, and exporters remains our top priority. Every necessary step will be taken to uphold India’s economic integrity,” Goyal said.

He also mentioned that discussions are ongoing for a potential bilateral trade agreement with the United States, signaling India’s intention to maintain open channels while defending its sovereignty.

A Collective Mission for a Swadeshi Economy

The Prime Minister’s message was not just an economic directive but a cultural and civic invocation.

“The feeling of swadeshi in every action will define our future. It is not about isolation; it is about identity, dignity, and direction. We must build a Swadeshi Economy that thrives on innovation, inclusion, and Indian values,” Modi concluded.

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