Modi Vows To Protect Farmers, Cut Taxes; Pushes Self-Reliance Amid US Tariffs
NEW DELHI — Prime Minister Narendra Modi used his record-breaking Independence Day address from the Red Fort on August 15 to pledge support for farmers, announce tax cuts, and push for greater self-reliance as India faces new economic and security challenges.His emphasis comes amid simmering anxiety over U.S. President Donald Trump’s steep tariffs on Indian exports, which are expected to hit sectors like textiles, shrimp, and gems.
Farmers at the Forefront
Reaffirming his political commitment to a crucial constituency, Modi declared that “farmers, fishermen, [and] cattle rearers are our top priorities,” vowing to act as a “wall” against any policy that threatens their livelihoods. Though Modi avoided direct reference to Washington, his assurance to farmers echoed his earlier pledge that India would never compromise their interests. He has also politically wrangled with farmers in the past.
GST Cuts Ahead of Festival Season
Seeking to stimulate consumption in an economy bracing for slower growth, Modi announced a reduction in goods and services tax (GST) rates effective in October, ahead of the Diwali shopping season. The cuts will target mass-use goods and essentials for women, students, and farmers, complementing earlier income tax relief and interest rate reductions. The government hopes the move will boost affordability and steady demand in the face of external trade shocks.
Defense Push: ‘Mission Sudarshan Chakra’
Modi also unveiled a new defense initiative, “Mission Sudarshan Chakra,” inspired by the legendary weapon of Lord Krishna. The program, linked to indigenous capabilities such as the Russian S-400 system deployed during India’s brief conflict with Pakistan in May, is designed to neutralize infiltrations and strengthen offensive readiness. “Operation Sindoor,” he said, had already shown India’s ability to act decisively without foreign dependence.
Alongside defense, Modi urged India’s innovators to develop homegrown jet engines, semiconductor chips, and AI systems. A new National Critical Minerals Mission has been launched, with exploration underway at more than 1,200 sites to secure essential resources for energy and industry.
Nuclear and Space Ambitions
The Prime Minister announced plans to expand nuclear power capacity tenfold by 2047 with private sector participation, and to establish India’s own space station. He praised over 300 domestic startups already active in satellites and deep-space exploration, underscoring India’s bid for technological leadership.
‘Vocal for Local’
Modi closed by calling on traders and citizens to embrace “Swadeshi” as a matter of pride. “The need of the hour is to take a resolve for building a strong India,” he said, urging shopkeepers to promote Indian products.
He reiterated that India remains the “pharmacy of the world” and pushed for more investment in medical R&D, pointing to the country’s success during the Covid-19 pandemic. (IANS)
