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Posting a video of himself singing, Kedia wrote: “‘Rachna hai phir itihas’… my new song. Credit ..Movie: Brahmachari (1968) Song: Dil Ke Jharokhe Mein Music Director: Shankar Jaikishan.”
https://x.com/VijayKedia1/status/1908587763970036198But it was the lyrics — penned by Kedia — that carried the real message. Set to a classic Bollywood tune, the verses mocked the tariff-led trade disruption initiated by Trump and painted a vision of India’s economic resurgence, ending with a repeated refrain: “Rachna hai phir itihas” (We must create history again).
“Sare jahan ko darakar dhamakar, manchaha sab par tariff lagakar, duniya ko kiya udaas, khud ka bhi market khallas,” he sang, lamenting the impact of protectionist trade policies on global sentiment and the U.S. stock market.
Trump last week unveiled sweeping reciprocal tariffs — including a 26% tariff on Indian goods and 34% on Chinese imports — triggering fears of a full-blown trade war. Global markets tumbled on Monday, with Indian indices suffering their worst one-day drop since March 2020. The Sensex and Nifty both plunged nearly 5% at the open on Monday, mirroring a broader selloff across Asia. The MSCI Asia ex-Japan index fell 6.8%, while Japan’s Nikkei 225 dropped 6.5%.
Federal Reserve Chair Jerome Powell on Friday called the tariffs “larger than expected,” warning they could dent both inflation and growth. The Nasdaq officially entered bear market territory the same day, adding to investor unease.Kedia founded Kedia Securities in 1992 and as of September 2024, his estimated portfolio size stood at around Rs 2,000 crore, spread across 20 listed companies.In the song, Kedia calls Trump’s trade strategy a self-inflicted wound, referencing Tesla and the destruction of demand. But the mood shifts in the second half, where he celebrates India’s awakening potential: “Achha hua tumne humko uthaya, humne bhi soyi shakti ko jagaya… ab hum naye raste dhoond lenge, viksit Bharat ka ab time aaya.”
He concludes with a forward-looking statement, envisioning India as the world’s leading economy by 2047 — the centenary of its independence.
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