{"id":350781,"date":"2025-12-15T21:12:09","date_gmt":"2025-12-15T21:12:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/350781\/"},"modified":"2025-12-15T21:12:09","modified_gmt":"2025-12-15T21:12:09","slug":"can-a-dead-economy-grow-at-8-2-fm-sitharaman-rebuts-trump-remark-in-lok-sabha-cites-imf-ratings-upgrade","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/350781\/","title":{"rendered":"\u2018Can a dead economy grow at 8.2%?\u2019: FM Sitharaman rebuts Trump remark in Lok Sabha; cites IMF ratings upgrade"},"content":{"rendered":"

\"\u2018Can Finance Minister Nirmala Sitharaman<\/a> on Monday cited India\u2019s strong growth and sovereign rating upgrades to counter claims that the country was a \u201cdead economy\u201d, telling the Lok Sabha that such upgrades would not have been possible if the economy were weak, PTI reported.Responding to Opposition members who sought the government\u2019s reaction to US President Donald Trump\u2019s description of India as a \u201cdead economy\u201d, Sitharaman said India remains the fastest-growing major economy, recording 8.2% growth in the September quarter.\u201cThe economy in the last 10 years has transitioned from external vulnerability to external resilience,\u201d the minister said while replying to the Supplementary Demands for Grants for 2025-26 in the House. <\/p>\n

Indian Economy Dead? PM Modi Gives It Back To Trump Amid U.S. Vs India Trade Fight<\/p>\n

\u201cEvery institution is raising our growth outlook for this year and the forthcoming year. There are clear expressions (from the IMF<\/a>) recognising India\u2019s growth and no dead economy gets a credit rating upgrade by DBRS, S&P and R&I,\u201d Sitharaman said.Trump had made the \u201cdead economy\u201d remark in July while expressing disappointment with India\u2019s decision to continue buying oil from Russia. Sitharaman said data and assessments by global institutions contradicted that characterisation.\u201cThe economy today has moved from fragility to fortitude,\u201d she said.\u201cSo somebody said something somewhere, however important that somebody is, we should not depend on that but rely on data available within the country and also data coming from elsewhere. Rely on data,\u201d she told Opposition members.\u201cCan a dead economy grow at 8.2%? Can a dead economy get credit rating upgrades?\u201d Sitharaman asked.The Reserve Bank of India last week raised its GDP growth projection for FY26 to 7.3% from 6.8% earlier. India grew 8.2% in the September quarter and 7.8% in the June quarter.On concerns raised over the International Monetary Fund\u2019s assessment of India\u2019s national accounts \u2014 including Gross Domestic Product (GDP) and Gross Value Added (GVA) \u2014 Sitharaman said India\u2019s overall grading remains unchanged at the median rating of \u2018B\u2019.She said the IMF had flagged the outdated base year for national accounts and suggested rebasing. \u201cSo to say that there has been a downgrade by IMF is misleading the House. For this year, IMF gave B for overall statistics,\u201d she said, adding that India has remained the fastest-growing major economy for the fourth consecutive year despite the pandemic.Sitharaman also addressed concerns over public debt, saying India\u2019s debt-to-GDP ratio rose to 61.4% after Covid but was brought down to 57.1% by 2023-24 due to policy measures taken by the central government.\u201cBy this year-end, I expect it to come down to 56.1%,\u201d the finance minister said.<\/p>\n","protected":false},"excerpt":{"rendered":"Finance Minister Nirmala Sitharaman on Monday cited India\u2019s strong growth and sovereign rating upgrades to counter claims that…\n","protected":false},"author":2,"featured_media":350782,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101,45224,64006,174733,83893,174732],"class_list":["post-350781","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-imf","tag-india-economy","tag-indian-gdp","tag-nirmala-sitharaman","tag-trump-dead-economy-remark"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/350781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=350781"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/350781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/350782"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=350781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=350781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=350781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}