Rahul Gandhi Slams PM Modi Over US Tariffs Impact on Textile Sector
Congress leader and Leader of Opposition in Lok Sabha Rahul Gandhi launched a sharp criticism against Prime Minister Narendra Modi on Friday, highlighting the severe consequences of 50 per cent US tariffs on India's textile exporters. The political leader shared a detailed post on social media platform X, expressing grave concerns about the economic fallout affecting millions of workers and businesses across the country.
Massive Job Losses and Business Closures
In his social media statement, the Lok Sabha MP from Uttar Pradesh's Rae Bareli constituency emphasized that the imposition of these substantial tariffs has triggered a chain reaction of negative outcomes. According to Gandhi, the situation has already resulted in significant job losses, numerous factory shutdowns, and a noticeable reduction in export orders from international markets.
The Congress leader specifically warned that approximately 4.5 crore jobs and lakhs of businesses are currently at stake due to these economic pressures. He described this troubling scenario as the harsh reality of what he termed India's "dead economy," suggesting that current policies are failing to protect vital domestic industries and employment opportunities.
Political Confrontation Over Economic Policies
This criticism represents another chapter in the ongoing political confrontation between the opposition Congress party and the ruling BJP government regarding economic management and international trade relations. Gandhi's remarks come at a time when India's textile sector, which employs millions of workers and contributes significantly to export earnings, faces mounting challenges in global markets.
The 50 per cent tariffs imposed by the United States have created additional barriers for Indian textile exporters who were already navigating competitive international markets. This development has raised concerns about India's export competitiveness and the potential long-term impact on one of the country's most labor-intensive manufacturing sectors.
Broader Implications for Indian Economy
Beyond the immediate impact on textile manufacturers, Gandhi's criticism touches upon broader questions about India's economic resilience and trade strategy. The opposition leader's statement suggests that current approaches to managing international trade relations may require reevaluation to better protect domestic industries and employment.
As political debates continue about the best path forward for India's economy, this issue highlights the complex interplay between international trade policies, domestic employment, and political accountability. The textile sector's challenges serve as a microcosm of larger economic questions facing the nation as it seeks to balance global integration with domestic economic security.
