False information spreading on social media suggests that India has declared a financial emergency in response to a 25% tariff imposed by Donald Trump. This article investigates the veracity of the claims, revealing they are inaccurate. The PIB Fact Check has confirmed that no financial emergency has been announced. The narrative emerges from Trump’s recent statements and the tariff levy linked to India’s trade relations, particularly with Russia. Piyush Goyal, the Commerce Minister, has asserted India’s robust economic growth. The government is taking measures to understand and address the effects of these trade actions. Trump’s statements, which include harsh criticisms of India’s trade practices, are believed by many experts to be a negotiating strategy.
