Opportunity in adversity
With firm determination, Bharat is moving on the boulevard say, आत्मनिर्भर भारतम् l [Aatmanirbhar Bharatam]. Bharat is marching to become the third-largest global economy from scratch, one of the five fragile economies in 2014.
In those elections, Rahul Gandhi & companies discussed providing six gas cylinders or nine or 12 cylinders for the people of Bharat. This ongoing government of Shri Narendra Modi led the nation to experience Ease of Living & Ease of Doing Business from the then-government policy paralyzed.
Shri Narendra Modi enhanced self-confidence, self-reliance, and the art of finding an Aapda Me Avasar, which means opportunity in adversity!
Global exports to the US are facing the reciprocal tariff hurdle, which has disrupted the global supply line. First, Donald Trump’s idea to make America Great Again [MAGA] is good for the USA, yet it is not deeply rooted and not supported by extensive thinking and a clear road map to attain the MAGA target. De facto, he has opened up various fields to fulfill the MAGA object.
All such fields face opposition, resistance, and a fight against the Trump government at home. On the global front, many fields disrupted the favorable & friendly nations of the USA. As a result, several countries are opposing the Trump government.
Whether they are allied nations or longstanding strategic partners, Trump has opened multiple fronts of opposition simultaneously, and his actions lack thorough consideration. In simple terms, his ideas are neither well thought-out nor fundamental. Prime Minister Narendra Modi emphasizes “Sankalp Se Siddhi,” which suggests that one can pursue unlimited fronts simultaneously with determination and the ability to achieve their goals. In contrast, Trump is likely to face failure because his approach is not rooted in deep understanding.
Now, when Trump is announcing MAGA and imposing Reciprocal Tariffs, Bharat has rooted their exports to various new destinations and lowered the share of the US in Bharat’s export basket. It’s a proactive step by the ongoing government, and another point is the people of Bharat, who have elected Shri Narendra Modi to the office of PM thrice continuously. PM Shri Modi is dealing with the fourth US President so far.
By understanding Donald Trump at the 1.0, Prime Minister Shri Narendra Modi had moved proactively & had met Donald Trump in February at the time of joining the Office of 2.0, and both had unveiled Mission 500, which aims to attain US-Bharat Exim trade worth US$ 500billion by 2030.
Further, Bharat has three ways to mitigate & dissolve the additional Tariff load. In the row, first of all, India has continued to finalize the Bilateral Trade Agreement in the context of Mission 500 with a broader context; secondly, looking at those options where Bharat can import more products or items which is need much can import from the US by the exclusion of Dumping is the third.
In the sequence, looking at the Gem & Jewellery [GJ] exports of Bharat to the USA is enjoying 10% until July 8, 2025. Right now, the GJ Industry & trade, especially GJ exporters, know that despite the announced 26% Reciprocal Tariff for GJ export of Bharat to the US, The US Administration has pushed it up to April 9 to be effective. Further, on April 10, they pushed the execution until July 9.
Now, June 9 to July 9 is crucial for both the nations, Bharat & USA. June is likely to conclude all those lobbying of GJEPC with the Government of Bharat, their engagement & talk with Global GJ Players & Associations, including GJ stakeholders. And this is the time to learn where we are heading with Trump’s Reciprocal Tariffs.
This is the time to think beyond the US’s proposed tariff blow. Bharat has to think sound & stable policy for the long term of growth & development. Let’s support the Bharat Government’s initiatives & efforts to attain the Bilateral Trade Agreement & aim to attain US-Bharat Exim trade worth US$ 500 billion by 2030.
We suggest the Donald Trump administration manage & move in Sync with the US policy set since 2014 with Bharat and tear away your old book of policy to equate Bharat with any other country. And, do not underestimate the deep-rooted culture & its’ ethnic Niti’s of Bharat.
The US is an import-led nation and spending-led society; you are supposed to import several products & services for cost-effective reasons instead of manufacturing. On the other hand, Bharat is not an export-led nation, but it is the global growth power center!
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Rajesh Bajaj insights | Luxury market trends | Jewelry industry analysis | Watch sector overview | Heera Zhaveraat leadership | Industry expert opinion | Global luxury market trends | Trade event highlights