India’s Prime Minister Narendra Modi announced tax cuts, pledged policy reform and urged the citizens to design and produce high quality goods at home, in a sweeping Independence Day speech that blasted rising “economic selfishness” in the world.

Indian Prime Minister Narendra Modi has vowed to build a “self-reliant India” and announced tax and regulatory reforms to benefit businesspeople and the middle class in his first major speech since the US imposed 50 per cent tariffs on the country.

India would not accept any compromise when it comes to the interests of its farmers, cattle-rearers and fishermen, Prime Minister Narendra Modi said Friday as the country wrestles with steep tariffs imposed by the US following breakdown of trade talks.