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**India Prioritizes “Swadeshi” Amid Global Economic Uncertainty, U.S. Trade Tensions**

**Varanasi, August 3, 2025** – Prime Minister Narendra Modi, speaking in his parliamentary constituency of Varanasi, asserted India’s commitment to becoming the world’s third-largest economy, while simultaneously emphasizing the need for economic self-reliance and the promotion of “Swadeshi” (indigenous) goods. His remarks come amid rising trade tensions with the United States, following President Donald Trump’s announcement of a 25% tariff on Indian imports and unspecified penalties for India’s dealings with Russia.

Addressing a large public gathering, Mr. Modi acknowledged global economic instability and urged all Indians – including political parties, leaders, and citizens – to prioritize the promotion of Indian-made products. He specifically appealed to traders and shopkeepers to sell only “Swadeshi” goods, calling it the truest service to the nation. He further encouraged conscious consumerism, urging people to ask themselves if a product was made by Indian labor and skills, embracing the mantra of “Vocal for Local.”

The Prime Minister’s renewed push for “Swadeshi” is seen as a direct response to President Trump’s recent criticism of India’s economy, which he labeled “dead.” Trump’s tariffs are perceived as a pressure tactic aimed at securing favorable trade concessions from New Delhi, similar to deals recently struck with Japan, the UK, and the European Union. India has resisted U.S. demands, particularly concerning duty concessions on agricultural products, dairy, and GM foods in the proposed bilateral trade agreement.

Earlier in the week, Commerce Minister Piyush Goyal assured Parliament that India is the world’s fastest-growing major economy and is taking all necessary steps to safeguard national interests. The implications of the U.S. tariffs are currently being examined.

Meanwhile, opposition leader Rahul Gandhi has endorsed President Trump’s “dead economy” comment, drawing strong condemnation from the ruling BJP. The situation highlights the growing strain in India-U.S. economic relations and India’s renewed focus on economic independence through its “Swadeshi” campaign.

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