'Alive And Kicking': PMO Underlines India's Growth Story After Trump's 'Dead Economy' Jibe
The PMO shared News18's piece on India's 6.5% GDP growth in FY25.
The Prime Minister's Office (PMO) shared News18's opinion piece on Saturday, highlighting India's growing economy amid a row sparked by US President Donald Trump's 'dead economy" remark.
India's Economy Is Alive And Kicking https://t.co/ySQ055Uc1n via NaMo App pic.twitter.com/zYQXSBy8Ol
— PMO India (@PMOIndia) August 2, 2025
Earlier today, Prime Minister Narendra Modi asserted that India is on track to become the world's third-largest economy and hence must remain 'vigilant" about its economic interests.
'India is set to become the world's third-largest economy… therefore, India must remain vigilant about its economic interests. Our farmers, our small industries, employment for our youth… their interests are paramount for us. The government is making every effort in this direction," he said while addressing a gatheirng in Varanasi.
What's In The Opinion Piece?
It said that the Indian economy is 'alive and kicking" as the country achieved a commendable real GDP growth rate of 6.5 per cent in the fiscal year 2024–25 (FY25), with nominal GDP growth at 9.8 per cent.
The current account deficit (CAD) is projected at a mere 0.9 per cent in FY26, while the fiscal deficit is estimated at 4.4 per cent, according to a CareEdge Ratings report.
It said that under the leadership of Prime Minister Narendra Modi, India has undergone a transformative economic journey with a focus on infrastructure development and digitalisation. The proliferation of digital infrastructure, including UPI and broadband connectivity, has formalised the economy, enhanced financial inclusion, and driven growth in the services sector. As of December 2024, India had an astounding total of 944.97 million broadband subscribers — 903.78 million wireless and 41.19 million wireline.
What Rahul Gandhi Said?
Congress leader Rahul Gandhi had endorsed the US President's 'dead economy" remark, saying that the Republican leader is right in saying that the Indian economy is 'dead".
When asked to comment on Trump's dead economy remark, Rahul Gandhi said that he agreed with the US President. 'Yes, he is right. Everybody knows this except the Prime Minister and the Finance Minister. Everybody knows that the Indian economy is a dead economy. I am glad that President Trump has stated a fact… The entire world knows that the Indian economy is a dead economy. BJP has finished the economy to help Adani…" Gandhi said.
Gandhi further alleged that the BJP government has destroyed India's economic, defence and foreign policy. 'PM Modi works only for one person- Adani. This (India-US trade) deal will take place, and PM Modi will do exactly what Trump says," he said.
Trump's 25% Tariff Move
Earlier this week, the US President had announced to impose a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment.
In a post on his social media platform Truth Social, Trump cited India's high tariffs, stringent non-monetary trade barriers, and continued military and energy ties with Russia as the basis for the move.
He had also criticised India's trade policies and its ties with Russia. In his post, Trump dismissed concerns over India's relationship with Moscow, stating, 'I don't care what India does with Russia. They can take their dead economies down together, for all I care."
Get breaking news, in-depth analysis, and expert perspectives on everything from politics to crime and society. Stay informed with the latest India news only on News18. Download the News18 App to stay updated!
view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
4 minutes ago
- Hans India
Sonia, Priyanka, other Opposition leaders protest against SIR in Parliament premises
Several MPs of the INDIA bloc parties, including Congress parliamentary party chairperson Sonia Gandhi, staged a protest in the Parliament House complex on Tuesday against the Election Commission's voter roll revision in Bihar, and demanded its rollback. With banners and posters against the Special Intensive Revision (SIR) of electoral rolls in Bihar, Sonia Gandhi, Priyanka Gandhi Vadra, as well as other opposition MPs raised slogans and demanded a rollback of the SIR as they stage their protest near Parliament's Makar Dwar. This was the tenth day of their protest with only one day gap in between on Monday when the opposition skipped their protest in view of the demise of former Jharkhand chief minister Shibu Soren. There were two huge banners in front of the protesting MPs -- one in Hindi and the other in English -- which read 'Our Vote. Our Right. Our Fight.' Another banner carried by the protesting MPs read 'SIR - Silent Invisible Rigging'. With 'Stop SIR' placards along with posters, alleging collusion between the EC and the government, in hand, the MPs of the opposition, including those of the Congress, DMK, TMC, and Left parties, among others, participated in the protest and raised slogans. The opposition has been protesting in both Houses of Parliament against the SIR, alleging the EC's exercise was aimed at "disenfranchising voters" in Bihar ahead of the Assembly elections. They have been demanding a discussion on the issue in both Houses.
Fashion Value Chain
4 minutes ago
- Fashion Value Chain
Deep-Tech Firm BUSINESSNEXT Continues Strong Streak: Recognized in Gartner Sales Force Automation Magic Quadrant™ for 12 Consecutive Years
BUSINESSNEXT, a deep-tech autonomous banking platform, has been recognized in the 2025 Gartner Magic Quadrant for Sales Force Automation Platforms report. The platform was evaluated for its comprehensive suite of enterprise solutions, with a focus on its Sales Force Automation (SFA) capabilities. The company has been receiving this recognition from Gartner for the past 12 years, reflecting its innovation in the financial services domain. This position places BUSINESSNEXT among the top 13 companies globally in the sales force automation platform, demonstrating its industry-focused approach and advanced solutions to deliver cutting-edge solutions. Its SFA capabilities include guided selling, predictive analytics, and an AI-driven strategy. In the past year, the company introduced prebuilt Sales AI Agents for various industries and an agent builder that supports custom topics and actions. It also introduced agentic AI Autoflow Designer enhancements, generative AI (GenAI)-driven call preparation and a 'Model Garden' that serves as a repository for prebuilt GenAI models. Additionally, the platform includes specialized agents with dedicated solutions for retail banking, corporate banking, and insurance. The report highlights BUSINESSNEXT's strengths in key areas such as its easy-to-use mobile app, which lets users enter data by typing or speaking, get helpful AI reminders, see customer opportunities immediately, and manage daily tasks, calls, and meetings. It also stands out for its use of AI and machine learning, offering ready-made models for finance, smart agent creation, and helpful features such as sales insights and account overviews. For account and contact management, the platform provides clear tools to view relationships and transactions, utilizing AI to maintain clean and well-segmented contact lists. Rahul Sheth, Vice President, BUSINESSNEXT, said, 'This recognition from Gartner highlights the persistent need to provide innovative, scalable solutions that empower sales teams to exceed their goals while delivering exceptional customer experiences.' About BUSINESSNEXT BUSINESSNEXT develops composable cloud platforms for financial services, offering AI-powered solutions in CRM, digital lending, servicing, and risk management. With over 1 million users and managing 1 billion end customers globally, the company is driving the future of autonomous financial operations. Headquartered in Noida, the company is trusted by 7 of the top 10 Indian banks, covering 61% of the country's total banking AUM. It has its presence across 5 continents with offices in 14 countries, including North America, the Middle East, and APAC. BUSINESSNEXT was recently ranked #1 in The Forrester Wave™ for Financial Services CRM 2025 and has been featured in the Gartner Magic Quadrant for 12 consecutive years. For more information visit:
Hindustan Times
4 minutes ago
- Hindustan Times
Vladimir Putin's 'daughter' resurfaces with cryptic post: ‘The man who destroyed my life'
A woman widely believed to be a daughter of Russian President Vladimir Putin has resurfaced on social media, accusing an unnamed man of 'destroying' her life. Elizaveta Krivonogikh, believed to be Russian President Vladimir Putin's illegitimate daughter.(X/@ igorsushko and File Photo/Reuters) In a post on Telegram, 22-year-old Elizaveta Krivonogikh shared a photo of herself and wrote: 'It's liberating to be able to show my face to the world again. It reminds me of who I was born to be and who destroyed my life. The man who took millions of lives and who destroyed mine,' reported The Times. According to the news outlet, while Krivonogikh did not explicitly name Putin, a German newspaper Bild that had access to the Telegram channel titled 'Art of Luiza' noted that the context strongly suggested the Russian president was the subject of her remarks. Despite the mounting media scrutiny, the Kremlin has denied any connection. In 2020, Putin's spokesperson said the president had 'never heard of her". Public attention around Elizaveta reignited last year when Russian artist Nastya Rodionova, now in exile, claimed that she had been working under the surname Rudnova at a Paris gallery exhibiting anti-war art. Rodionova publicly cut ties with the gallery, saying it was 'inadmissible' for a member of the Putin family to be associated with such a space. Who is Elizaveta Krivonogikh? Elizaveta Krivonogikh is believed to be the daughter of Vladimir Putin and Svetlana Krivonogikh, a woman who reportedly worked as a cleaner before becoming a shareholder in Bank Rossiya. Despite the Kremlin's longstanding efforts to keep Putin's private life secret, reports over the years have linked Elizaveta to the president. She previously lived a visibly luxurious life, sharing glimpses of designer clothing and private jets on social media before going largely offline after Russia's 2022 invasion of Ukraine, reported The Times. Elizaveta is reported to have graduated in 2024 from ICART, a Paris-based institution that specialises in arts and cultural management. Wealth and a link to Putin Her mother, Svetlana Krivonogikh, reportedly transitioned from working as a cleaner in St Petersburg to becoming a major shareholder in key Russian businesses. Among her assets is a significant stake in the Bank of Russia, an institution the United States has described as 'Putin's personal cashbox.' In 2020, Russian investigative outlet Proekt estimated Svetlana's net worth at approximately 7.7 billion rubles (about £74 million at the time).
