 "Donald Trump Preparation to Indians living in the United States, the impact of India’s treasury")
US President Donald Trumps are repeatedly trying to tell their country to make their country again. In such a situation he is taking some strange decisions every day. Almost all large countries in the world are upset. In this time he also gave up the preparations on the Indians living in the United States. If something happens in the US, it is a direct impact on the Indian treasury. In fact, in the United States, the money sent abroad, has been proposed to pay abroad, ramitations against non-US citizens. This has also grown the concern of the Indian community. Economic Think Tank Global Trade Research Initiative (BTR) could have a profound effect on Indian families and Rs.
This proposal is part of a large bill called ‘The Big BUGTIFUl Bill, which would be applied to the US Republic Assignment on May 12, 2025. This tax will not be placed on US citizens.
Loss of foreign exchange
The GTRI warned that this tax could cause India’s foreign exchange for billions of dollars each year. India received 120 billion in Rs 1223-24 in 2023-24, almost 28 per cent came from the United States. The founder of the GTRI, Sriwastv said that five per cent tax house would increase quite the cost of sending money. If the remtion decreases 10-15 percent, India may be damaged 12-18 billion each year.
He said that this loss could lead to the supply of US dollars in a foreign exchange market, which would increase the pressure on the Rs. Sriwastave said that if the damage is completed, the Reserve Bank may have to intervene to stabilize the rupee. This can cost the rupee of rupees.
Large effect on Kerala, Uttar Pradesh and Bihar
In the states like Kerala, Uttar Pradesh and Bihar, millions of family depend on sending money. This family uses this money for essential expenses like education, health services and accommodation. Mr. Srivastave said that if the money is a sudden reduction in sending, they would have a detrimental effect on the ability to spend these families. This can put more pressure on the Indian economy that is already struggling with the challenges of the global uncertainty and inflation.
The effect of this proposal can only be seen not only in India but also the world level. Mr. Srivasta said that this tax could disgrace the significant financial channel for the global development. This would be vulnerable to reduce the cost of capital trade flowers or money. If the US enforces this tax, India’s efforts can be shocked.
Investigations agencies and economic experts are keeping an eye on this proposal. Experts say that if this bill passes, it can be law from July 2025. Meanwhile, the Indian immigrants are being advised to send a huge amount of money soon to avoid this tax.