Investment Confidence Crisis: India's Economic Challenge
The Congress has criticized the Modi government for its policies that allegedly damage investor confidence in India, leading to a decline in private investment and manufacturing jobs. They argue that a complicated tax regime, strong Chinese imports, and stagnant wages are key contributors to this economic challenge.

- Country:
- India
The Congress party has voiced strong criticism of the Modi government's policies, claiming they have shattered investor confidence in India. According to the opposition, these policies have transformed the 'ease of doing business' into 'unease in doing business', urging the upcoming budget to address these issues.
Jairam Ramesh, Congress General Secretary, noted a significant decline in private domestic investment, accompanied by the exodus of high-net-worth individuals. The party attributes this to a complex tax system, rising Chinese imports, and stagnant wages, which have collectively weakened India's manufacturing sector and consumed growth.
Ramesh emphasizes that the upcoming budget must tackle 'raid raj' and 'Tax Terrorism', safeguard manufacturing jobs, and boost wages to reinvigorate private investment. The Congress insists that radical measures are imperative to restore investor confidence and stimulate economic growth.
(With inputs from agencies.)
ALSO READ
Understanding the New Tax Regime: FY26 Budget Rates Unveiled
Govt hikes I-T exemption limit to Rs 12 lakh per annum under New Tax Regime: FM.
(Eds: Rephrasing) Govt proposes nil tax on income up to Rs 12 lakh per annum under New Tax Regime: FM.
New Tax Regime: Government Eases Burden on Middle Class
New Tax Regime Encourages Compliance, Boosts Economy