Lashing out on the Prime Minister Narendra Modi-led central authorities, Congress occasion president Mallikarjun Kharge on Thursday blamed it for creating “financial turmoil” within the nation. He mentioned that the federal government has led to a “mess” within the lives of the widespread folks. Kharge took to social media platform X and attacked the central authorities, saying, “Modi Authorities has NO resolution for the Financial Turmoil it has created!”.
Additional, the senior Congress chief highlighted seven indicators, which he asserted, that “illustrate the extent of the mess within the lives of atypical Indians.” “7 indicators that illustrate the extent of mess within the lives of atypical Indians. 50 per cent enhance in Gold Loans and 30 per cent leap in gold mortgage NPAs. Non-public consumption – the full worth of products and providers bought by households has slowed down within the final eight quarters and has not recovered to pre-COVID ranges,” Kharge additional said.
Modi Govt has NO resolution for the Financial Turmoil it has created!
7 indicators that illustrate the extent of mess within the lives of atypical Indians.
1⃣50% enhance in Gold Loans and 30% leap in gold mortgage NPAs.
2⃣Non-public consumption – the full worth of products and providers… pic.twitter.com/zhGxIQo7bJ
— Mallikarjun Kharge (@kharge) January 2, 2025
The Congress chief additional alleged that the automobile gross sales progress has “plunged” to a four-year low. “Wages grew at a compound annual price of simply 0.eight per cent within the engineering, manufacturing, course of, and infrastructure (EMPI) sectors prior to now 5 years (2019-2023). Meals inflation has averaged 7.1 per cent during the last eight quarters. Oblique taxation within the type of GST on important objects are depleting Family Financial savings that are at a 50-year low,” he added.
Kharge additional claimed that “family monetary liabilities” are actually 6.four per cent of GDP – the “highest” in a long time. “Rupee has hit an all-time low, forcing international fund outflows and loss to small buyers price lakhs of crores, Narendra Modi ji. Your annual ‘New 12 months Resolutions’ have been nothing in need of JUMLAS destroying the lives of EVERY CITIZEN!” Kharge said.
