Archive · 16 Dec 2025
India Rejects Trump's 'Dead Economy' Remark
India's Finance Minister, Nirmala Sitharaman, disagreed with US President Donald Trump's statement that India's economy is dead.
She said India's economy grew by 8.2% in the last quarter, which is much higher than the global average of 3.2%.
The government also approved extra spending of Rs 41,455 crore for things like fertiliser subsidies and higher education.
Sitharaman mentioned that the IMF gave India a C grade because of an old base year, not because of weak economic fundamentals.
She assured that the government is taking care of farmers' needs, especially regarding fertilisers and urea.
Additionally, she highlighted that the gap between rich and poor in both urban and rural India is shrinking, with the rural poor experiencing significant growth in purchasing power and asset ownership.
Finance Minister Nirmala Sitharaman rejected US President Donald Trump's 'dead economy' remark about India.
India's economic growth was 8.2% in the last quarter, higher than the global average of 3.2%.
The Lok Sabha approved supplementary demands for grants worth Rs 41,455 crore for additional spending.
The IMF's C grade for India's national accounts is due to an old base year, not weak economic fundamentals.
The government assured timely disbursal of fertilisers and urea for farmers, and highlighted the shrinking rich-poor gap in asset ownership.
- Who
- Finance Minister Nirmala Sitharaman, US President Donald Trump, IMF, Indian Government
- What
- Rejection of Trump's 'dead economy' remark, approval of supplementary demands for grants, discussion on India's economic growth and asset ownership trends
- When
- Monday (specific date not mentioned)
- Where
- Lok Sabha, New Delhi, India
- Why
- To counter Trump's remark, approve additional government spending, and highlight India's economic growth and asset ownership trends
Indian Government
US President Donald Trump
Economic Growth
Indian Government
India's economy grew by 8.2% in the last quarter, higher than the global average of 3.2%.
US President Donald Trump
US President Donald Trump referred to India's economy as 'dead.'
- Global Economic Growth
- 3.2%
- India's Last Quarter Growth
- 8.2%
- Supplementary Demands Approval
- Rs 41,455 crore
- Fertiliser Subsidy Expenditure
- Rs 18,525 crore
- Petroleum Ministry Compensation
- Rs 9,500 crore
- Higher Education Additional Expenditure
- Rs 1,304 crore
- Commerce Ministry Additional Expenditure
- Rs 225 crore
- Cellphone Ownership (Rural)
- 94.3%
- Refrigerator Ownership (Rural)
- 22.5%
- Motor Vehicle Ownership (Rural)
- 47.1%
- Television Ownership (Urban Bottom 40%)
- 77.4%
- Television Ownership (Urban Top 20%)
- 72.1%
- Refrigerator Ownership Gap (Urban)
- 12.3 percentage points
Sources
Finance Minister Nirmala Sitharaman Rejects Trump’s “Dead Economy” Remark on India
Rating upgrades, high growth rate show India not dead economy: Nirmala Sitharaman
Rich-Poor Gap Closing For Assets, Rural India Racing Ahead: N Sitharaman In Parliament
Sivanath defends economy, pushes AP metro in LS
