Rahul ‘panic peddler’, promoting baseless conspiracy theories: BJP

Lok Sabha LoP Rahul Gandhi. File. Photo: AICC via ANI.

The Bharatiya Janata Party (BJP) on Thursday (June 4, 2026) accused Leader of the Opposition (Lok Sabha) Rahul Gandhi of “peddling panic” and promoting baseless conspiracy theories about India’s institutions and economy, in response to his remarks on Wednesday (June 3, 2026) that Prime Minister Modi will now not stay in Nadran’s office

Claiming that the Modi government was facing an “institutional revolt”, at the Congress’ National Adivasi Professional Conclave, Mr Gandhi said India was about to be hit by an unprecedented “economic tsunami” as the BJP government removed safeguards against international shocks and its control over institutions collapsed.

BJP IT Cell chief Amit Malviya responded sharply via a post on X. “Every few months (Mr Gandhi) unveils a new conspiracy theory. First, democracy ended. Then institutions were captured. Then election rigging. Now we are told that an emergency is coming and an economic tsunami is around the corner. At some point, Rahul is simply interested in manufacturing Gandhi and chaos: because he cannot explain his party’s repeated electoral failures?” he said.

“According to Rahul Gandhi, the Chief Election Commissioner, for the last three years intelligence chiefs, judges, institutions and virtually everyone in the system have been working undercover for him and feeding him information constantly. Yet despite having this extraordinary network, his party continues to lose elections and shrink politically. Not a single allegation of election rigging has been proven in court.”

Declaring that Mr Gandhi’s claim of an impending “economic tsunami” was nothing more than “classic fear-mongering”, he said: “If India’s buffers have indeed been removed, why does the economy continue to show resilience despite rising oil prices, conflict in West Asia, supply chain disruptions, global financial tightening and ongoing geopolitical uncertainty?”

“Stronger Reserves”

He said that though India faced an external shock, it was not defenseless as buffers had been built in the last decade. The country faced global headwinds with “stronger reserves, lower inflation, better infrastructure spending, stronger domestic demand, record FDI inflows, substantial food stocks and targeted support to small and medium enterprises (MSMEs) and industry,” Mr Malviya said.

Enumerating indicators of India’s resilient economy, he cited the latest data on e-way bill creation, manufacturing purchasing managers’ index and electricity consumption.

“Urban car sales rose 11.8% in April, while rural car sales rose an even stronger 13.8%. Retail inflation remained contained at 3.48% in April – below the RBI’s 4% target. Rice and wheat stocks reached 817.53,000 tonnes at the end of April, providing a strong cushion for food security,” he said, touching on the historically high inflow of $92 billion FY 466. he said.

“Forex reserves remain comfortable…Strong service exports continue to support external stability and narrow the trade deficit,” he said. The BJP leader said when global oil prices surged, cuts in excise duty on petrol and diesel dampened consumers and supply-side interventions and export restrictions were used whenever necessary.

He cited figures from the Congress-led UPA period: “That was a real de-muffler… The Modi government strengthened India before, during and after repeated shocks, COVID-19, the Russia-Ukraine conflict, oil spikes, global rate hikes, supply chain disruptions and now instability in West Asia.

Despite facing many black swan events, India remained the world’s fastest-growing major economy, moving from the “fragile five” to the top five economies, Mr. Malviya said.

Published – 04 Jun 2026 22:10 IST