Congress Leader Jairam Ramesh Critiques Modi Government Over $500 Billion US Trade Deal
Jairam Ramesh questions Modi govt on $500 bn US deal after Rubio remark
Asianet Newsable
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Jairam Ramesh, a Congress leader in India, criticized Prime Minister Narendra Modi's government for committing to a $500 billion trade deal with the United States over five years. He raised concerns about the impact on the Indian rupee, questioned the government's foreign policy communication, and urged Modi to renounce the deal, which he deems harmful to Indian interests.
- 01Jairam Ramesh accused PM Modi of compromising India's foreign policy by prioritizing US interests.
- 02He highlighted that India's imports from the US would need to double to meet the $500 billion commitment.
- 03Ramesh posed five questions to Modi, including why India hasn't nullified the trade deal like Malaysia did.
- 04He noted the depreciation of the Indian rupee by 12% against the US dollar over the past year.
- 05Marco Rubio's remarks came during his visit to India, where he praised the trade commitment as beneficial for both nations.
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Jairam Ramesh, a senior leader of the Indian National Congress party, has publicly criticized Prime Minister Narendra Modi's government regarding a recent commitment to purchase $500 billion in goods from the United States over the next five years. Ramesh expressed concerns about the implications of this deal on the Indian economy, particularly as the rupee has depreciated by 12% against the dollar in the past year. He questioned why the Modi government has not followed the example of Malaysia, which declared its trade agreements with the US null and void following a Supreme Court ruling that struck down tariffs. Ramesh also accused Modi of prioritizing US interests over Indian sovereignty, suggesting that foreign policy communications are increasingly coming from Washington, DC, rather than New Delhi. He posed five critical questions to Modi, including the rationale behind the surge in imports from the US while urging citizens to cut domestic fuel consumption. The criticism follows US Secretary of State Marco Rubio's announcement during his visit to India, where he emphasized the significance of the trade deal, stating that India is committed to enhancing trade in energy, technology, and agriculture.
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The commitment to increase imports from the US may lead to further depreciation of the Indian rupee, affecting the purchasing power of citizens.
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