India on way to 3rd biggest economy: PM Modi after Trump’s ‘dead economy’ remark

Addressing a rally in Varanasi, PM Modi stressed the importance of economic self-reliance and reiterated his government’s commitment to farmers, small industries, and youth employment. His remarks came just days after Trump announced a 25% tariff on Indian imports and warned of further economic penalties over India’s continued trade with Russia.

“There is an atmosphere of global instability. All countries are focusing on their individual interests. India is set to become the third biggest economy in the world, and that is why India will have to stay alert as far as its economic interests are concerned,” the Prime Minister said.

While Modi did not mention Trump by name, his comments were seen as a veiled retort to the US President’s assertion that India’s economy had "tanked" and that it relies heavily on American markets.