Doesn’t Matter What Trump Says: JSW Group Chairman Sajjan Jindal Takes Jibe At Donald Trump’s ‘Dead Economy’ Remark

JSW Group Chairman Sajjan Jindal : In recent days, a bold exchange between the political and industrial spheres has captured headlines—and for all the right reasons. U.S. President Donald Trump referred to India as a “dead economy” during trade policy discussions. Unfazed by this jab, Sajjan Jindal, the powerhouse Chairman of JSW Group, retorted coolly and confidently: “Whatever Trump may say, that doesn’t matter.

We are the fastest-growing large economy in the world.” Let’s unpack how that moment, shared during a high-profile stock market listing, reflects the wider narrative of India’s economic resilience and what it means for the nation’s future.

A Bold Rejoinder at the NSE

On August 14, 2025, amidst the vibrant atmosphere of the JSW Cement initial public offering at the National Stock Exchange (NSE), Sajjan Jindal drew attention—not for numbers or charts, but for his assertive message.

He stood up and declared, with resolve and conviction:

“We are going to see a great future for India, because India is growing. It’s one of the largest, fastest-growing large economies in the world. Whatever Trump may say, that doesn’t matter. We are the fastest-growing large economy in the world.”

This came just days after President Trump publicly labeled India a “dead economy” amid ongoing trade negotiations and remarks over India’s continued purchase of discounted oil from Russia. Trump’s comment was blunt:

“I don’t care what India does with Russia.

Together, they can destroy their moribund economies.

Jindal’s response—delivered on the stage of India’s financial markets, at a moment symbolic of progress and investor trust—spoke volumes.

Why Jindal’s Retort Matters

1. A Symbol at the NSE

Jindal’s remarks were based on facts rather than rhetoric by selecting the platform of a successful initial public offering (IPO), which was JSW Cement’s first listing at more than 4% over its issue price. The IPO itself served as evidence of India’s economic dynamism and market confidence.

2. Structural Momentum, Not Momentary

Jindal emphasized that India’s growth isn’t a passing trend but a product of deep-seated strengths:

• Domestic demand: A rising middle class and robust consumer appetite.
• Infrastructure ramp-up: Massive investments in roads, ports, power, and cement (a core area for JSW Cement).
• Pro-investment policies: Reforms aimed at simplifying regulations and encouraging corporate expansion.

3. Aggression as a Growth Strategy

“We can’t be conservative, we have to be aggressive—and that’s in our DNA,” Jindal stated, referring to one of the biggest and fastest-growing economies.

For Jindal and many Indian industrialists, being aggressive isn’t brash—it’s essential. It signals strategic boldness and confidence essential to fueling India’s forward momentum.

The Broader Backdrop

India, even before this exchange, was already earning accolades from global institutions. Despite Trump’s critique, forecasts from bodies like the IMF and World Bank estimated India among the highest growth trajectories globally.

At home, numerous voices echoed the rebuttal. Economists, policymakers, and even the Reserve Bank of India stepped in with data:

• India’s growth rate hovered around a robust 5%, significantly above many peers.
• It contributed a substantial share—reported as ~18%—to global GDP growth.
• Even JSW’s own leadership looked forward:
• Parth Jindal, Managing Director of JSW Cement, projected the bold vision that India could become an $8 trillion economy within six years. He reminded that, despite Trump’s statement, “The Indian economy is the fastest-growing one.”

Clearly, Jindal’s words weren’t isolated—they were part of a national narrative invoking pride, potential, and possibility.

What This Means for Investors & Citizens

Confidence Restored, Perception Upheld

At a time when headlines matter as much as figures, saying “doesn’t matter what Trump says” affirms India’s economic standing—independent of external commentary.

Corporate Ambition Meets National Aspiration

Jindal was speaking not just for JSW Cement, but echoing a broader corporate mindset—one that’s aggressive, outward-looking, and aligned with nation-building. That energy fuels job creation, infrastructure, and exports—all pillars of growth.

A Counter to External Doubt

This moment served as a reminder: India does not measure itself by outside comparisons or implications. Growth arises from internal strengths—demography, enterprise, reforms.

Conclusion

In underlining India’s status as a fast-growing, resilient economy, Sajjan Jindal gave more than a one-liner—he gave a vision. His response to President Trump’s “dead economy” jab wasn’t just defiance; it was a reassured affirmation of India’s path forward.

At the NSE, during a market debut that itself symbolized trust and ambition, his words were both timely and timeless.

Frequently Asked Questions (FAQ)

Q1: When did Sajjan Jindal make the statement?
A: He addressed Donald Trump’s recent “dead economy” comment on August 14, 2025, during JSW Cement’s listing event at the National Stock Exchange.

Q2: What exactly did Donald Trump say?
A: President Trump commented, “they can take their dead economies down together,” referring to India’s continued purchase of discounted Russian oil and sarcastically labeling India a “dead economy.”

Q3: What was JSW Cement’s listing performance?
A: Strong investor interest was evident as the shares debuted at a premium of more than 4% over the issue price of ₹147.

Q4: How did India’s institutions respond?
A: The RBI highlighted India’s strong 6.5% growth and its significant contribution (18%) to global GDP expansion. Experts also underscore India’s leadership among fastest-growing economies.

Q5: Is there a wider plan for India’s economic future?
A: Yes—leaders like Parth Jindal envisage India becoming an $8 trillion economy within six years, citing its youth advantage and manufacturing potential.

Disclaimer

The only goal of this blog article is to provide information. It examines remarks made by JSW Group Chairman Sajjan Jindal and associated events using publicly available news sources. The opinions presented here are those of the people cited and may not represent official policy stances or factual support. Before making any business or investing choices, readers should independently confirm the information.