Sat Apr 05 08:26:23 UTC 2025: ## Akhilesh Yadav Blames BJP for Stock Market Crash, Warning of Economic Crisis

**Lucknow, April 5, 2025** – Samajwadi Party (SP) chief Akhilesh Yadav has sharply criticized the BJP government for the significant drop in India’s stock markets, warning of a potential economic crisis. Following a ₹10 lakh crore loss in investor wealth on Friday, triggered by US President Trump’s announcement of reciprocal tariffs, Yadav stated that the common people are bearing the brunt of this economic downturn.

In a post on X, Yadav highlighted the devastating impact on ordinary citizens whose savings are invested in the market. He argued that this loss affects not only individual finances but also the overall economic activity, as decreased spending power ripples through the market. The former Uttar Pradesh Chief Minister specifically expressed concern for the youth investing their savings and the unemployed struggling to make ends meet.

The BSE Sensex plummeted over 900 points on Friday, closing at 75,364.69, reflecting a broader sell-off fueled by global trade war anxieties. This resulted in a ₹9,98,379.46 crore decrease in the market capitalization of BSE-listed firms.

Yadav contends that the BJP government’s policies are directly responsible for this “double vicious circle” of economic hardship, affecting the vast majority of the population. He concluded his statement by claiming that investors are expressing their discontent with the current government. The SP leader’s comments have ignited further political debate amidst growing economic uncertainty.

Read More