Lucknow, April 6 -- Samajwadi Party president Akhilesh Yadav has raised alarm over the sharp downturn in Indian stock markets, warning that the erosion of common people's investments could drag the entire economy down. In a sharply worded post on X (formerly Twitter) in Hindi, the former Uttar Pradesh chief minister blamed the central government for what he termed a "double vicious circle" affecting both the stock market and the broader economy.
His remarks came a day after Indian markets witnessed a steep plunge following US President Donald Trump's announcement of new reciprocal tariffs - including a hefty 27 per cent duty on Indian goods - as part of efforts to narrow the trade deficit and encourage domestic manufacturing. "It is very i...