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The Economic Times
The Economic Times
Politics

Modinomics is appeasement of US, capitulation to China: Congress

United States China India Jairam Ramesh Deficit

New Delhi: "Modinomics" is equal to "appeasement of the US" plus "capitulation to China", the Congress said on Wednesday as it took a swipe at the Modi government over India's trade surplus with the US and increasing trade deficit with China.

Congress general secretary Jairam Ramesh said in a post on X that India's goods trade surplus with the US in 2025-26 was USD 34.4 billion as compared to USD 40.1 billion in 2024-25.

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