Trump called Indian and Russian economies ‘dead’. Here's what he didn't say

Team TOI PlusTIMESOFINDIA.COM
Aug 1, 2025 | 18:18 IST

India’s economy has doubled in 11 years and Russia’s is growing, too, despite western sanctions imposed after it invaded Ukraine

Which do you think is the “dying economy” here?

  • One grew 6.5% last year.
  • One had an unemployment rate of 2.5%, and an even lower 1.9% for those with advanced degrees.
  • One saw its corporate bankruptcy filings soar higher than any year since the 2007-09 recession.
Of course, it would be a stretch to call the US a dying economy because of just one indicator — its bankruptcy filings — but so would an attempt to label India (first on the list) or even Russia (second on the list) as withering economies, as US president Donald Trump has made. After all, different economic indicators tell different stories — and which ones we accept as definitive often depends more on politics than economics.
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