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

ANI
07 Apr 2025, 18:43 GMT+10

New Delhi [India], April 7 (ANI): 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.

'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'. (ANI)

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