फंसने पर पूरे यूरोप को याद आया भारत | European Union want more Basmati Rice import | India Europe

Summary

The video script discusses the European Union's recent trade measures against India, including imposing carbon taxes on exported goods like aluminum steel and cement, which has impacted India's GDP and increased costs for Indian manufacturers. Despite India's objections and its own economic challenges, the EU's stance has faced opposition from other countries like China and South Africa. The script also highlights India's retaliation in certain sectors, such as rice exports, and the EU's dependency on Indian products like spices and grains.

Takeaways

• 🇮🇳 Despite being reprimanded by India, the 27 wealthy nations of the European Union are again attempting to undermine India's progress.
• 💰 The European Union is now trying to impose taxes on sectors where India profits significantly from exports to these European countries.
• ⚖️ The EU has imposed a heavy tax on Indian exports of aluminum, steel, and cement, demanding high tax payments for these products.
• 🔄 In response, India has recently rejected the EU's proposals, marking another strong stance within a week against European intervention.
• 💥 India previously returned 1500 items to the EU, causing significant losses for Europe, demonstrating the consequences of challenging India.
• 📉 The carbon tax imposed by the EU on products like aluminum, steel, and cement is negatively affecting India's GDP, reducing profit margins for Indian manufacturers.
• 🌿 The EU argues that the carbon tax will lead to a green revolution by reducing carbon emissions, although India disputes this claim.
• 🌐 Other countries like China and South Africa are also opposing the EU's carbon tax, pressuring the EU to reconsider this regulation.
• 🚫 Previously, the EU banned the export of scrap metal to India, impacting India's manufacturing processes, but India continues to challenge such bans.
• 🍚 India remains a crucial exporter of spices, grains, and especially basmati rice to the EU, despite temporary bans that have impacted European markets.

Q & A

Why is the European Union not considering the interests of 27 wealthy countries while imposing direct tariffs on India?

The European Union is attempting to impose tariffs on sectors where India has been earning significantly from European countries, possibly as a strategy to hinder India's economic growth and maintain its dependency.

What products are mentioned in the script as being subject to potential heavy tariffs by the European Union on Indian exports?

Aluminum steel and cement are the products mentioned that could face heavy tariffs if exported from India to European countries.

How has India responded to the European Union's recent proposal to impose carbon taxes on certain products?

India has directly rejected the European Union's proposal to impose carbon taxes, arguing that it would significantly harm India's developing economy and international market presence.

What was the impact of the European Union's ban on the export of scrap metal from India?

The ban on scrap metal exports affected India's ability to import cheap scrap metal from European countries, which was used to manufacture new metal components and machinery.

How has India been asserting its economic stance in various sectors despite the European Union's actions?

India has shown its economic strength by banning the export of certain commodities like rice, which forced Europe to seek alternative suppliers, and by re-entering the European market after the ban was lifted.

What does the script suggest about the European Union's dependency on Indian products, specifically in the area of spices and grains?

The script suggests that the European Union is heavily dependent on India for certain products like spices and grains, which it has to purchase from India despite any trade disputes.

How has the European Union's trade policy affected India's GDP growth?

According to the script, the imposition of carbon taxes on products exported from India to the European Union has resulted in a 0.0% decrease in India's GDP growth.

What is the 'Green Revolution' mentioned in the script, and how does it relate to the European Union's carbon tax proposal?

The 'Green Revolution' refers to the European Union's environmental initiative aimed at reducing carbon emissions. The carbon tax proposal is part of this initiative, intended to decrease carbon emissions from manufacturing processes.

How has the European Union's actions towards India's economic policies affected other countries?

The script mentions that not only India but also China and South Africa have opposed the European Union's carbon tax, indicating a broader impact on international trade relations.

What was the outcome of India's recent rejection of the European Union's carbon tax proposal?

The rejection led to the European Union experiencing a setback within the same month, as India maintained its stance against the tax, which it views as detrimental to its economic interests.

How has India's economy been progressing in recent years, as per the script's description?

The script describes India's economy as advancing and leaving all countries behind, which is not being well-received by the European Union, leading to trade tensions.