India's Independence Day 2025: Economic Reforms Amidst U.S. Trade Tensions

India’s Independence Day 2025: Economic Reforms Amidst U.S. Trade Tensions

On India’s 79th Independence Day, Prime Minister Narendra Modi announced transformative economic reforms. These initiatives come in response to growing trade tensions with the United States. Central to these reforms are adjustments to the Goods and Services Tax (GST) and a push toward self-reliance in critical sectors, such as semiconductor manufacturing. With U.S.-India trade tensions escalating, especially after increased tariffs on Indian goods, these measures aim to shield the domestic economy and promote sustainable growth.

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