&w=1024&resize=1024,0&ssl=1 "RBI guv counters Trump’s ‘dead economy’ taunt: India holds bright prospects in changing world order")
Days after Trump called India and Russia’s economies “dead,” RBI Governor Sanjay Malhotra pushed back, saying India’s economy has “bright prospects” in the changing global order. His remarks came as the RBI kept the repo rate unchanged at 5.5 per cent, despite pressure on the rupee following Trump’s fresh tariff threats.
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Days after US President Donald Trump took a swipe at India and Russia by calling their economies “dead,” RBI Governor Sanjay Malhotra offered a sharp counterpoint, highlighting India’s economic strength and future potential, saying that Indian economy “hold bright prospect.”
While announcing the monetary policy, Malhotra said, “…Over the medium term, the Indian economy holds bright prospects in the changing world order, drawing on its inherent strengths.”
The remarks came as the Reserve Bank of India kept the repo rate unchanged at 5.5%, even as the rupee continued to face pressure following Trump’s fresh tariff threats on Indian goods. The currency fell 16 paise on Tuesday after the US President warned of new duties.
The RBI’s decision was announced after the Monetary Policy Committee (MPC) met earlier in the day. Headed by the RBI Governor, the MPC meets every two months to decide the central bank’s policy path.
Trump, in a post on Truth Social, had said, “They can take their dead economies down together, for all I care,” accusing India of imposing some of the highest tariffs in the world and hurting US-India trade.
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