Trump has blown lid off illusion...we have to build production-based economy: Rahul Gandhi

ANI April 7, 2025 150 views

Rahul Gandhi has launched a sharp critique of the current economic landscape, highlighting the disruptive impact of US President Donald Trump's reciprocal tariff policies on global markets. He argues that the stock market primarily benefits a tiny elite, calling for a fundamental restructuring of India's economic approach. Gandhi emphasizes the need for a production-based economy that serves broader social interests, directly challenging Prime Minister Narendra Modi's economic strategy. His comments reflect growing concerns about international trade tensions and their potential consequences for India's economic development.

"Trump has blown the lid off the illusion. Reality is biting back." - Rahul Gandhi
New Delhi, April 7: Amid the turmoil in stock markets and countries making adjustments because of US reciprocal tariffs, Congress leader Rahul Gandhi on Monday said that US President Donald Trump "has blown the lid off the illusion" and India has to build a resilient, production-based economy.

Key Points

1

Trump's tariffs trigger global stock market volatility

2

Rahul Gandhi demands resilient economic strategy

3

Less than 1% Indians benefit from stock market

4

Modi's economic leadership questioned

"Trump has blown the lid off the illusion. Reality is biting back. PM Modi is nowhere to be seen," Rahul Gandhi, who is Leader of Opposition in Lok Sabha, said on X.

"India has to accept reality. We have no choice but to build a resilient, production-based economy that works for all Indians," he added.

Earlier in the day, addressing the Samvidhan Suraksha Sammelan in Patna, Gandhi said that the US president has caused the stock market to tumble.

"The US president has led to a tumble in the stock market. Less than 1 per cent of the people here have their money invested in the stock market, which means the stock market is not a field for you. Unlimited money is made in it, but you don't get the benefit of it," he said.

Global stocks witnessed a bloodbath as the new week kicked off, triggered by the Trump reciprocal tariffs. These tariffs have set off a sell-off in equities globally, and India was no exception.

Since assuming office for his second term, President Trump has reiterated his stance on tariff reciprocity, emphasising that the United States will match tariffs imposed by other countries, including India, "to ensure fair trade".

Reader Comments

P
Priya K.
Finally someone speaking sense about our economy! We've relied too much on service sector while neglecting manufacturing. Rahul Gandhi makes valid points here. 👏
A
Amit S.
Interesting perspective but I wish he'd propose concrete solutions rather than just criticism. Building production capacity is easier said than done in today's global economy.
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Sanjay R.
The stock market point is spot on! Most Indians don't benefit from these fluctuations. We need policies that help small businesses and local manufacturing.
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Meena P.
While I agree with the sentiment, I'm not sure if this is the right time for political statements. We need all parties to work together on economic solutions. 🤝
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Rahul V.
Trump's policies are definitely shaking things up globally. India needs to be smart about how we respond - protectionism might hurt us more than help in the long run.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Tags:
Rahul Gandhi Donald Trump Indian Economy Stock Market Congress Party Trade Tariffs
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