Key Takeaways
- BJP’s anti-people policies are corroding India’s Economy.
- Mallikarjun Kharge challenged Prime Minister Narendra Modi to speak about the real issues facing common people.
- India’s Economy is reeling under low consumption, high inflation, and widening inequality.
New Delhi: Congress president Mallikarjun Kharge on Monday alleged that BJP’s anti-people policies are corroding India’s Economy and fake narratives cannot be a substitute for real welfare.
Kharge in a post on X and addressed to Prime Minister dared him to speak about the real issues facing common people in his future election rallies, instead of spewing lies against the Opposition.
“Narendra Modi ji, fake narratives cannot be a substitute for REAL welfare. Have a look at the economic turmoil you have created by looting ordinary citizens of their last paisa!” Kharge said.
“Even the festive cheer could not lift the spirits of India’s Economy – reeling under low consumption, high inflation, widening inequality, dampened investment and wage stagnation,” Kharge said.
Kharge said, “Industry captains are speaking out about the missing middle class syndrome, as the Modi government’s policies have dealt a blow to the poor and middle class. This has resulted in a backbreaking price rise and the wiping out of their savings through mindless taxation.”
He said “There are five undisputed anti-people facts of your government, the biggest issue being inflation. Food inflation stands at 9.2 percent. Vegetable inflation surged from 10.7% in August to 36% in September 2024. FMCG sector has seen demand sharply decline, with growth in sales dropping from 10.1% to just 2.8% in a year. Your own Finance Ministry’s monthly report states this.”
He further said, “Household savings have plunged to a 50-year low. Consumption has severely dipped due to high food inflation. For instance, the growth in F&B sector, which used to be in double digits, is now down to 1.5-2%. Passenger vehicle sales dropped by 19% in September, and most October sales are flat. Finance Ministry has noted that there has been 2.3% contraction in automobile sales. A crucial indicator of rural economic health, two-wheeler sales, has yet to surpass 2018 numbers. Even SUV sales are at a 26-month low.”
“Housing sales in India’s top 8 cities declined by 5% in the quarter ending September 2024. Real wages for labourers stagnated between 2014-2023, and in fact declined between 2019-2024. (Labour Bureau’s Wage Rate Index). Between 2014-15 and 2021-22, inflation-adjusted wages of India’s workforce have risen by less than 1% (ILO),” the Leader of Opposition in Rajya Sabha said.
Accusing the Modi Government of not accepting the ‘hard data’ Kharge said, “Modi ji, it is crystal clear that you do not believe in hard data, since you have mastered the art of FAKERY!”
“BJP’s anti-people policies are corroding India’s Economy! We challenge you to speak about the REAL issues facing common people in your future election rallies, instead of spewing lies against the Opposition!” Kharge said.
