New Delhi, February 11 Congress MP K.C. Venugopal criticized the government on Wednesday over the decline of the rupee against the US dollar, stating that it has "surrendered, just like Prime Minister Narendra Modi did in trade negotiations with the US."
"Just as India surrendered to the US in trade negotiations, our rupee has also surrendered to the US dollar. Now, the value of our rupee against the US dollar is 91," Venugopal said during a debate on the Union Budget in the Lok Sabha.
Taking a jab at Modi, Venugopal remarked, "There was once a chief minister of Gujarat who compared the value of the rupee with the value of the Indian government. The rupee's value is 91 against the dollar, so what is the value of the Indian government now?"
He said that the budget was a "carefully crafted presentation" that benefits the privileged while ignoring the plight of ordinary people.
"The finance minister proudly speaks about high growth and development, but behind these claims lies the harsh reality," the Congress leader said.
Venugopal stated that India's per capita income remains the lowest in the world, and inequality is also at its lowest.
The Union Budget claims to be youth-centric, but Venugopal said that young people are aware of the truth, as unemployment has reached a new low, particularly affecting women. "The budget aims to mask the economic stress," he said.