India contributing 18% to global GDP growth, says RBI Governor in response to Trump’s ‘dead economy’ remarks

Reserve Bank of India (RBI) Governor Sanjay Malhotra has pushed back against US President Donald Trump’s criticism of the Indian economy, stating that India is contributing significantly to global growth and remains on a strong growth trajectory.

“We have a very robust growth rate of 6.5%. As per the IMF, it is 6.4%, while the world is growing at 3%,” Malhotra said when asked to respond to Trump’s remarks.

“We are contributing about 18% to global GDP growth, which is more than the US, where the contribution is expected to be much lower at 11%. So, we are doing very well and will continue to further improve.”

Trump, in a post on his social media platform Truth Social, called India a “dead economy” and criticised the country’s trade policies. “I don’t care what India does with Russia,” he wrote. “They can take their dead economies down together, for all I care. We have done very little business with India. Their tariffs are too high, among the highest in the world,” he added.

Malhotra also said that India continues to aspire to grow higher.

“Our aspirational growth is more than 6.5%. In the past, we have achieved an average of 7.8%, so we should continue to aim for higher growth rates,” he said.The RBI has retained its growth forecast for India at 6.5% for the current financial year.