India's Economy Under Pressure Amid Political Allegations

India's Economy Under Pressure Amid Political Allegations.webp

New Delhi, March 30 Congress leader Rahul Gandhi on Monday alleged that Prime Minister Narendra Modi has "surrendered" India's future, and claimed that the economy has collapsed, stocks are crashing, and savings are being wiped out because the prime minister is "compromised".

"Rupee: Rs 95 to Rs 100. Stocks: Crashing. Economy: Collapsed. Jobs: Gone. Income: Falling. Savings: Wiped out. Cylinders: Unavailable. Why? PM = Compromised.

"He is desperate to protect himself and his financial structure. But 140 crore Indians know – PM Modi has surrendered India's future,” Gandhi alleged in a post on X.

The attack by the Leader of the Opposition in the Lok Sabha came on a day when the value of the Indian rupee breached the Rs 95 mark, falling to its lowest level, and the stock market crashed by more than 2 per cent as the West Asia war entered its fifth week.

With the West Asia conflict leading to a steep surge in crude oil prices, equity investors became poorer by Rs 18.60 lakh crore in two days of sharp decline in the stock market, with the BSE Sensex plunging over 4 per cent.
 
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crude oil prices currency exchange rates cylinder availability economic collapse financial markets india indian economy indian rupee investment losses lok sabha narendra modi rahul gandhi stock market west asia conflict x platform
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