The Congress on Tuesday hit out on the Centre, saying that the federal government headed by Prime Minister Narendra Modi “is presiding over India’s financial damage” and that “each single side of the economic system has been ruined”. Congress president Mallikarjun Kharge mentioned that India’s progress fee is declining and that “there aren’t any jobs for the youth”.
“The situation of the manufacturing sector is worrying. Inflation has drained the pockets of the widespread man. The hole of financial inequality is widening. Now the rupee has reached 85, it’s the second weakest forex in Asia,” mentioned Kharge.
“Solely the billionaire pals of Modiji are being profitable, small businessmen are in a nasty situation. In such a state of affairs… Narendra Modi, it is very important remind you of your personal assertion made earlier than 2014…” mentioned Kharge in a publish on X.
Saying that the GDP progress in Q2 is at a 21-month low at 5.4%, the social gathering alleged that “low progress, no jobs, low earnings, excessive costs” is a “vicious financial cycle”.
