By Admin 
US President Donald Trump is giving threats to increase the tariff again on India. Trump said that India is helping Moscow in the Ukraine war by purchasing oil from Russia. Prior to the announcement of tariff on India, Trump called the Indian economy a dead economy, to which the Reserve Bank of India (RBI) governor Sanjay Malhotra has given him a response.
‘India’s contribution more than America’
RBI Governor Sanjay Malhotra said that the Indian economy is doing very well and is contributing more than America in the development of the world. According to the report of the news agency PTI, the RBI Governor said that we are contributing to about 18 per cent of the world’s development, which is more than the US that contributes about 11 per cent.
‘For us the interests of the citizens of the country are at the top’
Sanjay Malhotra said that India’s economy is expected to grow at a rate of 6.5 per cent in 2025, while the global growth rate is expected to be 3 per cent. The Governor of the Reserve Bank of India said on Wednesday (6 August 2025) that the interest and welfare of the citizens of the country is at the top for us. The citizens of the country, especially people standing on the lowest section of the society, are the root cause of our existence.
Sanjay Malhotra said that even if India is forced to buy oil from any other country other than Russia, our domestic inflation will not be affected. He also indicated that if needed, the government can give relief to the common people by cutting the fee.
He said, ‘The interest and welfare of the citizens of India is paramount in RBI. The people of India are the root cause of our existence with people standing at the lowest rung. Keeping this in mind, we are taking many steps in the interest of citizens.
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