RBI Governor Responds to Trump’s Criticism

RBI Governor Sanjay Malhotra has addressed U.S. President Donald Trump’s recent remarks about India’s economy, which he described as “dead.” Malhotra firmly refuted this characterization, emphasizing India’s robust economic performance and its significant contribution to global growth. According to Malhotra, India’s economic impact currently surpasses that of the United States, showcasing the nation’s resilience and growth potential.

India’s Economic Contributions Outshine the U.S.

Malhotra highlighted that India’s economy is not only alive but thriving, contributing more to global economic growth than the United States. This assertion underscores India’s expanding role on the world stage, driven by a combination of strong domestic policies and strategic international partnerships. The governor’s comments aim to reassure both domestic and international stakeholders of India’s economic stability and potential for continued growth.

Concerns Over U.S. Tariffs and Energy Ties with Russia

Despite the positive outlook, there are concerns regarding potential U.S. tariffs due to India’s energy ties with Russia. These ties have been under scrutiny as geopolitical tensions rise. However, Malhotra remains confident that India can navigate these challenges without compromising its economic progress. The government is prepared to address any trade-related issues that may arise from these international dynamics.

Stable Inflation Outlook Amid Global Oil Price Fluctuations

Malhotra also addressed concerns about inflation, particularly in light of fluctuating global oil prices. He assured that the Reserve Bank of India is closely monitoring the situation and is ready to intervene if necessary to protect consumers from rising costs. This proactive approach aims to maintain a stable inflation outlook, ensuring that economic growth does not come at the expense of consumer welfare.