CNBC AI News, August 12th – In what appears to be a veiled response to President Trump’s past characterization of India as a “dying economy,” Indian officials are now asserting the nation’s trajectory to becoming the world’s third-largest economy.
Prime Minister Narendra Modi has indirectly addressed the remarks, calling on Indian citizens to bolster domestic production and consumption in the face of global economic uncertainties, signaling a renewed focus on self-reliance.
According to reports emerging from Indian media outlets, tensions between the U.S. and India appear to be escalating, with growing anti-American sentiment bubbling to the surface within India.
This shift in sentiment is manifesting in calls for boycotts against prominent American multinational corporations, ranging from McDonald’s and Coca-Cola to tech giants like Amazon and Apple.
India, as the world’s most populous nation, represents a critical market for U.S. brands. These companies have been rapidly expanding their presence, targeting a burgeoning class of affluent consumers who often view international brands as aspirational symbols of upward mobility.
While there is no immediate indication of a significant drop in sales for U.S. brands, the backdrop of Trump-era tariffs on Indian goods (reaching as high as 50% in some instances) has fueled online and offline campaigns promoting the purchase of indigenous products and shunning American imports.
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