New Delhi, Feb 27 – Congress President Mallikarjun Kharge has launched a sharp attack on Prime Minister Narendra Modi’s vision of Viksit Bharat, alleging that it has led to severe economic distress for ordinary Indians while benefiting only a handful of billionaires.
Taking to social media platform X, Kharge claimed that 100 crore Indians do not have any extra income to spend, highlighting concerns over India's consumption-driven economy. “Sixty percent of our GDP is dependent on consumption. However, only the top 10% in India are driving economic growth and spending, while 90% struggle to afford even basic necessities,” he stated.
The Rajya Sabha opposition leader further accused the Modi government of failing to ensure wage growth, particularly for the middle class and rural workforce. “The middle 50% of India's tax-paying population has seen little to no wage growth in the past decade. Rural wages are witnessing negative growth. Wealth concentration is widening, and your policies have failed to distribute income among all,” Kharge said.
Additionally, he warned of looming global trade challenges, stating, “We are staring at a global tariff war and trade barriers. Unemployment has become unbearable for our youth. Budget announcements turned out to be a damp squib!”
His remarks come amid growing economic debates as India approaches the upcoming general elections, with the opposition sharpening its attack on the ruling government’s economic policies and budgetary allocations.
Taking to social media platform X, Kharge claimed that 100 crore Indians do not have any extra income to spend, highlighting concerns over India's consumption-driven economy. “Sixty percent of our GDP is dependent on consumption. However, only the top 10% in India are driving economic growth and spending, while 90% struggle to afford even basic necessities,” he stated.
The Rajya Sabha opposition leader further accused the Modi government of failing to ensure wage growth, particularly for the middle class and rural workforce. “The middle 50% of India's tax-paying population has seen little to no wage growth in the past decade. Rural wages are witnessing negative growth. Wealth concentration is widening, and your policies have failed to distribute income among all,” Kharge said.
Concerns Over Inflation, Savings, and Household Debt
Pointing to economic indicators, Kharge argued that stagnant wages, high inflation, and declining household consumption over the last decade have led to household savings falling to a 50-year low, income inequality reaching a 100-year high, and household debt surging to an all-time high.Additionally, he warned of looming global trade challenges, stating, “We are staring at a global tariff war and trade barriers. Unemployment has become unbearable for our youth. Budget announcements turned out to be a damp squib!”
Attack on Government’s Economic Policies
Kharge also accused the Modi-led government of prioritizing a few wealthy industrialists at the cost of the common people. “Your version of Viksit Bharat empties the pockets of ordinary Indians and fills the coffers of select billionaires,” he remarked.His remarks come amid growing economic debates as India approaches the upcoming general elections, with the opposition sharpening its attack on the ruling government’s economic policies and budgetary allocations.
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