“Economy is Resilient”: BJP Leaders Hit Back at Rahul Gandhi’s ‘Dead Economy’ Remark

CM Fadnavis shared the IMF’s projection of India’s GDP growth at 6.4% for both 2025 and 2026

Mumbai, August 3, 2025 :Senior BJP leaders including Union Minister Hardeep Singh Puri and Maharashtra Chief Minister Devendra Fadnavis have strongly rebutted Congress leader Rahul Gandhi’s recent statement calling the Indian economy “dead.” The remarks by Gandhi, referencing former U.S. President Donald Trump’s view, sparked sharp political responses with BJP leaders highlighting India’s global economic standing backed by the latest IMF World Economic Outlook report.

CM Fadnavis shared the IMF’s projection of India’s GDP growth at 6.4% for both 2025 and 2026, the highest among major world economies. In comparison, the United States is projected to grow at 1.9% and 2.0%, while China’s growth is estimated at 4.8% and 4.2% for the same period.

“Under the visionary leadership of PM Narendra Modi, India continues its steady and resilient economic growth,” Fadnavis stated. “Focused governance, structural reforms, and a commitment to the vision of Viksit Bharat (Developed India) are driving this upward trajectory.”

Union Minister Hardeep Puri echoed the sentiment, stating, “India is at the forefront of the global economy. These figures strongly counter those who lack confidence in India’s economic potential.”

Assam Chief Minister Himanta Biswa Sarma also cited the IMF data earlier this week, asserting that India would remain the fastest-growing emerging market in the upcoming years.

India’s economic resurgence has been notable. From ranking 11th in 2013-14, it is now the 5th largest economy globally and is poised to become the 4th largest. In 2013, India was grouped in the “Fragile 5” economies, a label given by Morgan Stanley to vulnerable emerging markets, including Brazil, Indonesia, South Africa, Turkey, and India.

The Economic Survey 2024–25 estimates that to achieve the goal of becoming a developed nation by 2047, India needs to maintain an average growth rate of 8% at constant prices over the next two decades.

India’s recent economic performance includes growth rates of 6.5% in FY 2024–25, 9.2% in FY 2023–24, 8.7% in FY 2021–22, and 7.2% in FY 2022–23 — reinforcing its position as the fastest-growing major economy in the world.