Economic Woes Heighten Under Current Regime, Claims Congress
The Congress party criticized the Indian government, stating that the economic state of ordinary citizens is concerning. Despite stable inflation and rising incomes, household savings have fallen, suggesting an increase in debt, which the party claims contradicts the government's 'acche din' promise.
- Country:
- India
The Congress party has launched a scathing attack on the central government, alleging that the economic situation for the average Indian is deteriorating.
According to Congress general secretary Jairam Ramesh, a recent media report indicates a worrying trend: while incomes are rising and inflation is under control, household savings continue to plummet for the third consecutive year.
The opposition accuses the government of neglect as citizens increasingly rely on loans due to diminishing savings, casting doubt on the 'acche din' narrative championed by the current regime.
(With inputs from agencies.)
ALSO READ
BRIEF-Juventus FC SpA Says H1 Revenues And Income Of EUR 260.6 Million
RPT-ROI-Watch out for oil's disappearing disinflationary drag: McGeever
RBI Recalibrates CPI: New Series to Reshape Inflation Tracking
Bihar among poorest in country, lags in employment, per capita income: Tejashwi
Rising Oil Prices: Inflationary Concerns Loom for the U.S. Economy

