00:00President Donald Trump's 50% tariffs have been a drag on India's economy, and Prime
00:05Minister Narendra Modi is taking action to try to keep growth intact.
00:09In Sunday's budget, his government laid out plans to support exporters hit by U.S. tariffs,
00:15especially companies in labor-intensive industries like textiles, leather goods, and marine products.
00:22The trade standoff with Washington has already pushed Modi's team to cut consumption taxes
00:28and loosen labor rules, making it easier for companies to hire and fire workers.
00:33Heading into 2026, the message is clear.
00:36Stability and self-reliance are the top priorities in Udell.
00:40The government's budget sets aside $4.3 billion to boost electronic component manufacturing.
00:46That move could help accelerate the semiconductor emissions at giants like Tata, Adani, and Reliance.
00:53The strategy is also being extended to the pharmaceuticals industry,
00:56along with a push to mine and process rare earth minerals.
01:00But not everybody was a winner from this budget.
01:03Investors were rattled by a hike on taxes on some stock market trades
01:07that were designed to cool a speculative frenzy in the markets.
01:10That set markets lower after the announcement.
01:13And India's opposition says the government is still not doing enough
01:16to tackle deeper economic threats like youth unemployment and falling household savings.
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