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Mahindra suggested two “strong step” India should take to overcome the challenges and turn the situation into an opportunity
Mahindra Group Chairman Anand Mahindra. (PTI file photo)
Mahindra Group Chairperson Anand Mahindra on Wednesday reacted to US President Donald Trump’s decision to impose an additional 25% tariff on Indian goods, which will raise the total import duty on India to 50%.
In light of these tough measures, Mahindra suggested two “strong step” India should take to overcome the challenges and turn the situation into an opportunity.
“The ‘law of unintended consequences’ seems to be operating stealthily in the prevailing tariff war unleashed by the US,” the Mahindra Group Chairperson wrote in a lengthy post on X.
He asked whether India, like other countries, could use this moment to create a positive outcome for itself. “Shouldn’t India too seize this moment to shape a virtuous consequence for itself?”
@grok can you summarise it in 3 points ?— Anva(अन्व, 安瓦) (@grewbrew) August 6, 2025
Comparing the current situation to the 1991 foreign exchange crisis, which triggered major economic reforms in India, he noted if “today’s global ‘Manthan’ over tariffs yield some ‘Amrit’ for us?”
In his post, he proposed two strong steps India should take immediately:
1. Radically Improve Ease of Doing Business
- India must go beyond incremental reform and create a genuinely effective single-window clearance system for all investment proposals.
- While states control many investment regulations, we can begin with a coalition of willing states aligning with a national single-window platform.
- If we demonstrate speed, simplicity, and predictability, we can make India an irresistible destination for global capital in a world seeking trusted partners.
2. Unleash the Power of Tourism as a Forex Engine
- Tourism is one of the most underexploited sources of foreign exchange and employment.
- We need to dramatically accelerate visa processing, improve tourist facilitation, and build dedicated tourism corridors around existing hotspots, offering assured security, sanitation, and hygiene.
- These corridors can serve as models of excellence, encouraging other regions to emulate and raise national standards.
Mahindra also stressed on the need for broader reforms, including increased support for micro, small, and medium enterprises (MSMEs), faster infrastructure development, a boost to manufacturing through expanded Production Linked Incentive (PLI) schemes, and the rationalisation of import duties to improve competitiveness.
“Let the unintended consequences we create be the most intentional and transformative ones of all. We cannot fault others for putting their nations first. But we should be moved to make our own nation greater than ever,” he concluded.
The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d…Read More
The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d… Read More
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