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

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

Claiming at the Congress’s National Adivasi Professional Conclave that the Modi government was facing an “institutional rebellion”, Mr Gandhi had said an unprecedented “economic tsunami” would hit India as the BJP government removed safeguards against international shocks and its grip on institutions collapsed.

BJP IT Cell chief Amit Malviya hit back via a post on X: “Every few months, [Mr. Gandhi] reveals a new conspiracy theory. First of all, democracy is over. Later, the institutions were seized. Then the election is rigged. Now we are being told that the Emergency is coming and an economic tsunami is looming. At some point, one has to ask: Is Rahul Gandhi interested in facts, or is he sowing fear and chaos because he cannot explain his party’s repeated electoral failures?

“According to Chief Election Commissioner Rahul Gandhi, intelligence chiefs, judges, institutions and almost everyone in the system have been secretly working for him for the last three years and feeding him constant information. But despite having this extraordinary network, his party is losing elections and shrinking politically. Not a single allegation of election rigging has been proven in court. Not even one,” Mr. Malviya said.

Saying that Mr Gandhi’s claim of an impending “economic tsunami” was nothing but “classic fearmongering”, he said: “If India’s shock absorbers have actually been removed, why does the economy continue to show resilience despite rising crude oil prices, conflicts in West Asia, supply chain disruptions, global financial tightening and ongoing geopolitical uncertainty?”

‘Stronger reserves’

He said that though India is facing an external shock, it is not vulnerable as shock absorbers have been built in the last decade. The country was facing global headwinds such as “stronger reserves, lower inflation, better infrastructure spending, stronger domestic demand, record foreign direct investment inflows, significant food buffers and targeted support for MSMEs.” [Micro, Small and Medium Enterprises] and industry,” said Mr. Malviya.

Listing out indicators of India’s resilient economy, he cited the latest data on e-way bill generation, Manufacturing Purchasing Managers’ Index and electricity consumption.

“Urban auto sales grew 11.8% in April, while rural auto sales grew even stronger at 13.8%. Retail inflation remained contained at 3.48% in April – below the RBI’s 4% target. Rice and wheat buffer stocks remained at 817.53 lakh tonnes at the end of April, providing a strong food security cushion. Gross FDI inflow reached a historic high of $94.5 billion in FY26,” he said.

“Forex reserves remain comfortable…Strong services exports continue to support external stability and narrow the trade deficit,” he said. The BJP leader said that when global crude oil prices rose, excise duty cuts on petrol and diesel provided relief to consumers and supply-side interventions and export restrictions were resorted to when necessary.

Referring to the figures from the Congress-led UPA era, Trump said: “This was a literal removal of shock absorbers…The Modi government has strengthened India before, during and after repeated shocks, COVID-19, Russia-Ukraine conflict, crude spikes, global interest rate hikes, supply chain disruptions and now instability in West Asia.”

Mr. Malviya said that despite facing numerous black swan events, India remains the world’s fastest-growing major economy and has risen from the “Fragile Five” to the top five economies.