Congress slams Modi government over GDP slowdown, calls out 'voodoo economic policies'
Published On : 2024-12-03T19:41:07+0530 [ IST ] |
Author : Mayur_Tembhare
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Congress president Mallikarjun Kharge accused the government of creating a vicious cycle of low growth, high unemployment, shrinking incomes and rising prices.
Kharge cites widening inequalities.
In a post on X Kharge said: "The growth rate is declining. There are no jobs for the youth. Inflation has drained the pockets of the common people. The gap of economic inequality is widening."
Kharge shared an old audio clip of PM Modi criticizing GDP trends during Congress' tenure remarking: "You will not listen to the voice of the people; listen to your own voice!"
Party spokesperson raises economic concerns
Congress spokesperson Supriya Shrinate described the GDP figure as a warning of economic distress. She emphasized that GDP reflects jobs, investments, consumption and trade all of which have suffered.
Private consumption growth has slumped to 5.9% exposing weak demand in both urban and rural India. Manufacturing growth is at a mere 2.2% undermining the 'Make in India' narrative Shrinate said.
Inflation and savings under pressure
Shrinate pointed out that inflation remains stubbornly high with vegetable prices soaring by 42%—the steepest rise in five years.
"Thanks to Narendra Modi and his voodoo economic policies India is in the middle of a vicious economic cycle -- low growth, no jobs, low income, high prices, drop in savings and rise in loans," she said.
The rupee's depreciation coupled with declining foreign reserves signals deeper issues Shrinate said.
Real challenges ignored'
Shrinate accused the government of being in denial. "When will the Modi government address rising economic inequality, low growth, low wages and high
While India remains the fastest-growing major economy globally with China’s growth at 4.6% in the same quarter the Congress asserted that the real per capita impact and worsening inequality demand urgent attention.
Source : Reporters From Sunrise Chronicles
Tags : Thanks , Inflation , highvicious economic cycle -- low growth , Kharge , From , Shrinate , Amid , India , You , Prime Minister Narendra Modi ,
Summary :
Congress president Mallikarjun Kharge accused the government of creating a vicious cycle of low growth, high unemployment, shrinking incomes and rising prices.
Kharge cites widening inequalit
