‘India Is Market Of Future’: German Envoy Contradicts Trump's ‘Dead Economy’ Pitch

Last Updated:August 01, 2025, 13:28 IST

Donald Trump launched an anti-India tirade, calling its economy "dead" for New Delhi's strong ties with Moscow. Germany has taken a different view, contradicting the US President.

Germany differs from Trump's "dead economy" view on India (Reuters Image)

Differing from US President Donald Trump’s “dead economy" view on New Delhi, German Ambassador Philipp Ackermann has said that India is a market of “now and the future", and a growing number of companies are investing in the country.

He also said that such “erratic behaviour" is a sign for several countries that there is a need for “stability and predictability", in an apparent reference to Donald Trump’s tariffs on various nations.

Notably, Trump has imposed 15% tariffs on the European Union and 25% tariffs on India, which take effect starting August 7.

Trump had earlier expressed his dissatisfaction over India’s strong energy and defence ties with Russia, calling the economies of both countries “dead".

“I don’t care what India does with Russia. They can take their dead economies down together, for all I care," Trump posted on Truth Social earlier, as he continued his anti-India tirade.

German Ambassador Ackermann said that his government would not use the same words for India as its economy is “extremely interesting".

“It is not a secret that the German government would not use the same words. We find the Indian economy extremely interesting. We have a growing number of companies coming to India. India is a place to be. India is a market of now and the future. I would say this erratic behaviour we see in many countries, including India, must lead to the clear insight of the Indian, European, and German governments that we need stability and predictability. That’s what markets and businesses need," he told news agency PTI.

He also affirmed that Germany was a staunch supporter of the Free Trade Agreement.

“The EU and India are negotiating an FTA and I’m very confident that by the end of this year, we will have a fresh draft on the table," he said.

Ashesh Mallick

Ashesh Mallick is a Sub-Editor with over three years of experience in news writing, video production. He primarily covers national news, politics and global affairs. You can follow him on Twitter: @MallickAshes...Read More

Ashesh Mallick is a Sub-Editor with over three years of experience in news writing, video production. He primarily covers national news, politics and global affairs. You can follow him on Twitter: @MallickAshes...

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August 01, 2025, 13:28 IST

News world ‘India Is Market Of Future’: German Envoy Contradicts Trump's ‘Dead Economy’ Pitch

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