PM Modi Economic Message: In a powerful response to former U.S. President Donald Trump’s controversial remarks branding India’s economy as “dead,” Prime Minister Narendra Modi has reaffirmed the country’s growing economic strength. Without naming Trump directly, PM Modi emphasized that India is on track to become the world’s third-largest economy, calling upon citizens to strengthen domestic manufacturing and economic independence.
Speaking at a vibrant rally in Varanasi, Uttar Pradesh, the Prime Minister said,
“India is set to become the third biggest economy in the world. There is an atmosphere of global instability. All countries are focusing on their individual interests. India must remain vigilant regarding its economic interests.”
‘Vocal for Local’ Call to Action: PM Modi’s Economic Message to the Nation
In his speech, PM Modi revived the ‘Vocal for Local’ campaign, urging citizens to prioritize Swadeshi products—goods made by Indians for Indians. The statement was not just a call for self-reliance but a strategic counter to Trump’s assertion that India is overly dependent on American markets.
“We will buy only those things that are made by Indians,” he said passionately. “Those who want to see India become the world’s third-largest economy should set aside political differences and resolve to support Swadeshi.”
Backdrop: Trump’s Tariff Offensive and ‘Obnoxious’ Trade Claim
PM Modi’s comments came just days after Donald Trump posted on his Truth Social platform, where he announced a 25% tariff on all Indian goods. Calling India’s trade policies “obnoxious,” Trump justified the tariffs as a penalty for India’s trade relations with Russia and what he claimed were unfair trade practices.
He further stated that India’s economy had ‘tanked’ and blamed the U.S. for propping it up, triggering sharp reactions from both Indian politicians and trade experts.
Indian Government Responds with Composure and Confidence
In response to Trump’s tariff bombshell, the Ministry of External Affairs (MEA) issued a carefully worded statement:
“The India-US partnership has weathered several transitions and challenges. We remain focused on the substantive agenda that our two countries have committed to and are confident that the relationship will continue to move forward.”
This diplomatic yet firm response signaled India’s intent to move ahead with maturity and mutual respect, despite provocative statements from Trump.
Economic Impact of Trump’s Tariff Move on India
According to trade analysts, Trump’s move to impose a 25% duty on Indian imports could impact $33 billion worth of Indian exports, especially in sectors like textiles, pharmaceuticals, and engineering goods. In retaliation, the Indian government is reportedly considering reciprocal tariffs on key U.S. imports.
Experts suggest that while the tariffs may hurt in the short term, they could also push India to accelerate its Make in India initiative and diversify trade partners.
India’s Growth Story: The Road Ahead
Despite external pressures and diplomatic hurdles, India continues to post robust economic indicators. The IMF and World Bank have forecasted strong GDP growth, positioning India as a rising power in the global economy.
PM Modi’s speech serves as both a rebuttal and a vision statement—a call to boost indigenous industries, reduce import dependence, and solidify India’s economic sovereignty.
Turning Criticism Into a Catalyst for Growth
Donald Trump’s remarks may have been intended as a diplomatic jab, but India has responded with resolve, unity, and strategic focus. With the Prime Minister doubling down on economic nationalism and self-reliance, the message is clear: India is far from “dead”—it is thriving, growing, and ready to lead.
The next chapter in the India-US trade relationship remains to be seen, but one thing is certain: India is no longer just a participant—it’s becoming a global economic leader.