India News reported, Economic Reality Check India News Congress Critiques Modi Government Amidst Economic Challenges. The Congress President, Mallikarjun Kharge, responded angrily to the pre-budget Economic Survey, accusing the Modi government of “crushing the aspirations of 140 crore Indians over the past decade.” The Economic Survey, which was presented by Finance Minister Nirmala Sitharaman, predicts a growth rate of 6.5 to 7% for the current fiscal year, but has come under fire for failing to address pressing economic issues.

Unemployment and Inflation: Pressing Concerns

Kharge drew attention to the startling 9.2% unemployment rate, denounced the government’s handling of the NEET paper leak, which has left many young Indians’ futures unknown, and described a “stampede for jobs”. In addition, he underlined how inflation affects households, pointing out that household savings have fallen to their lowest points in fifty years.

Unpopular Economic Relations with China
Controversy has erupted around the Economic Survey’s support of further Chinese direct investments to improve exports. Citing a 75% increase in the trade deficit and a 68% increase in imports from China since 2020, Kharge chastised Modi for granting China a “political clean chit”. He charged that the administration was undermining the sacrifices made by the soldiers at Galwan while economically benefiting China.

Reimplementation of Farm Laws and Agricultural Distress

Kharge also cited information indicating the Modi government’s plan to indirectly revive the controversial farm legislation. The average monthly income for farmers is still a pitiful Rs 5,298 even after these regulations were repealed in 2021 as a result of widespread demonstrations, indicating continued agricultural hardship.

Income Disparity and Poverty Claims
Kharge refuted claims made in the Economic Survey that poverty has nearly been eradicated, arguing that the wealth gap in India is at its highest in a century. This sentiment was echoed by Congress General Secretary Jairam Ramesh, who called for increased protections for gig workers, a raise in the minimum wage to Rs 400 per day, and an expansion of social-protection schemes.

Inadequate Economic Recovery

Ramesh also took issue with the Economic Survey’s unduly positive portrayal of the state of the economy. He drew attention to the unequal post-Covid-19 economic recovery that has disproportionately affected India’s rural areas. He also cited the government’s capricious decisions impacting important agricultural commodities to highlight the negative consequences of haphazard import-export policies on farmer revenues.

The Requirement of Real Economic Solutions
The Congress party has advocated for inclusive and practical economic policies that cater to the interests of all residents, especially the middle class and impoverished, as the country waits for the budget to be announced. Congress leaders claim that the Economic Survey falls short in offering sufficient answers to the nation’s urgent economic problems.

Conclusion

The criticism of the Economic Survey by the Congress party highlights the need for a more transparent and equal process for formulating economic policy. Demand for policies that actually address the financial struggles that millions of Indians confront is rising as the government gets ready to unveil the budget, guaranteeing a more equitable and long-lasting economic recovery.

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India Games: Cultural and Economic Significance

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