A tsunami statement by Congress MP and Leader of Opposition in Lok Sabha Rahul Gandhi has created a political storm and the discussion about emergency has started. Senior Congress leader Rahul Gandhi yesterday warned of a terrible ‘economic tsunami’ in the country and claimed that an economic tsunami is about to come in the country. To suppress the public pressure arising from this crisis, Modi government can impose emergency in the country.
Rahul Gandhi There was a political storm on this statement, BJP is attacking Rahul Gandhi with full force, while Congress is saying that Rahul Gandhi has said the right thing. The matter is that Rahul Gandhi was addressing a program of tribals yesterday. Here he made three claims.
The first big claim was that the government had lost control. Institutions are revolting. He mentioned the judiciary and intelligence system and the Chief Election Commissioner is sending them a message. Rahul Gandhi was trying to indicate through his words that the government has lost control.
BJP counterattacks on Rahul’s statement
BJP is very angry with Rahul Gandhi’s statement, BJP is saying that Emergency was imposed by the Congress government, Rahul Gandhi should know this, whereas Congress is saying that the government should understand what Rahul Gandhi said.
BJP IT cell chief Amit Malviya rejected Rahul Gandhi’s claims and said India is well placed to withstand any economic fallout from the Iran war. Citing several economic and strategic indicators, Malviya said that “India is not helpless” amid the ongoing crisis in the Middle East.
Rahul Gandhi’s claim that India is heading towards an economic tsunami because the Government has removed all shock absorbers is not just wrong, it is classic fear-mongering.
If India’s shock absorbers had truly been removed, why is the economy continuing to show resilience pic.twitter.com/7QZvdL8OPi
— Amit Malviya (@amitmalviya) June 4, 2026
In a post on social site X, Malviya cited several economic indicators to counter Rahul Gandhi’s claims. He said e-way bill generation grew by 12.9% in May 2026, while manufacturing and services activities remained strong, with PMI readings of 56.6 and 58.9 respectively. Retail inflation stood at 3.48% in April, below the Reserve Bank of India’s target, while gross foreign direct investment (FDI) inflows reached a record $94.5 billion in FY26.
BJP told Rahul about India’s strength
Pointing to the strength of India’s external sector, Malviya said comfortable foreign exchange reserves and strong service exports have maintained stability amid global fluctuations. These are not signs of an economy without shock absorbers. These are signs of flexibility. The government has also taken direct steps to protect citizens, businesses and jobs.
Malviya said that when global crude prices increased, the cut in excise duty on petrol and diesel supported consumers. Supply-side interventions and export restrictions were used when necessary to protect domestic availability and control inflation. Through ECLGS 5.0, MSMEs get 100% guarantee coverage, while non-MSMEs and airlines get 90% coverage.
“Additional credit support of up to 20% of peak working capital, subject to a limit of Rs 100 crore, is available for equity borrowers. Airlines facing fuel-price volatility can get support of up to Rs 1,500 crore per borrower. The objective is clear: security,” he said. He said, “This will increase jobs, maintain supply chains and ensure uninterrupted production.” Malviya further said that the Cabinet has approved Rs 37,500 crore for surface coal and lignite gasification projects, which aims to create 75 million tonnes of gasification capacity and bring in investment of Rs 2.5-3 lakh crore. He said, “This is not the government’s work of removing the shock absorbers. This is the government’s work of actively strengthening them.”
BJP reminded Rahul of UPA government
Attacking the previous UPA government, Malviya referred to economic indicators from 2009 to 2014. He claimed that the rupee depreciated by 36% during this period, while foreign exchange reserves declined from approximately $294 billion in July 2011 to approximately $256 billion in August 2013. Forex reserves declined from approximately $294 billion in July 2011 to approximately $256 billion in August 2013. By September 2013, import cover had dropped to just over six months, down from 17 months in September 2013.
Read this also- Rahul Gandhi held a meeting with OBC leaders, gave message on caste census and women’s reservation.
Bureau Report, TV9 Bharatvarsh
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