Dismissing US President Donald Trump’s “dead economy” jibe, 16th Finance Commission Chairman Arvind Panagariya on Friday said the Indian economy is growing at 7 per cent, and more than that in dollar terms.
Panagariya was speaking at the Business Today India@100 event.
“You don’t grow at 7 per cent plus (if the economy is dead), and actually in dollar terms we are growing at more than 7 per cent. I don’t know what the definition (of dead economy) means. May be, dead bodies do move,” he said when asked if India is a dead economy.
Asked about India’s trade protectionism, Panagariya said: “There may be protectionist measures… We are substantially open”.
Mounting a sharp attack on India, Trump had remarked that India is a “dead economy”.
“I don’t care what India does with Russia. They can take their dead economies down together, for all I care,” Trump had said in a social media post on July 31.
Trump later imposed 50 per cent tariff on Indian goods imported to the US with a brief .
​Dismissing US President Donald Trump’s “dead economy” jibe, 16th Finance Commission Chairman Arvind Panagariya on Friday said the Indian economy is growing at 7 per cent, and more than that in dollar terms.
Panagariya was speaking at the Business Today India@100 event.
“You don’t grow at 7 per cent plus (if the economy is dead), and actually in dollar terms we are growing at more than 7 per cent. I don’t know what the definition (of dead economy) means. May be, dead bodies do move,” he said when asked if India is a dead economy.
Asked about India’s trade protectionism, Panagariya said: “There may be protectionist measures… We are substantially open”.
Mounting a sharp attack on India, Trump had remarked that India is a “dead economy”.
“I don’t care what India does with Russia. They can take their dead economies down together, for all I care,” Trump had said in a social media post on July 31.
Trump later imposed 50 per cent tariff on Indian goods imported to the US with a brief .Â
