Controversy Erupts Over US-India Interim Trade Deal: 'Naam Narender, Kaam Surrender'

The Congress criticized the interim US-India trade agreement, arguing it undermines Indian interests. They claim it forces India to stop oil imports from Russia, harms local farmers, and shifts the trade balance. PM Modi supports the deal, which is said to boost economic ties and job creation.

The Congress party on Saturday criticized Prime Minister Narendra Modi concerning the interim trade agreement with the United States, claiming it weakens India's international standing. They argue that despite Modi's diplomatic efforts, India has committed to stopping oil imports from Russia, contrary to national interests. Congress spokesperson Jairam Ramesh voiced concerns over potential repercussions on India's economic stability and trade surplus.

Ramesh highlighted concerns over increased American farmers' benefits at the cost of Indian agriculture. He claimed that India's annual imports from the US will triple, potentially converting India's trade surplus into a deficit. The 25 percent tariff imposed by the US on Indian goods stands to be lifted only if India complies with ceasing Russian oil imports, yet uncertainty remains over the conditions attached.

In contrast, Prime Minister Modi endorsed the deal, proposing it would further the 'Make in India' initiative by opening new opportunities and creating jobs. The agreement is part of a broader push to enhance US-India trade relations, with promises of reduced tariffs on both sides. However, the Congress remains skeptical, accusing the government of prioritizing optics over substantive gains.

(With inputs from agencies.)