Congress Targets Modi Over 'Five Shocks' Devastating Indian Economy

The Congress party has launched a scathing critique of Prime Minister Narendra Modi's economic policies, blaming them for debilitating the Indian economy. In a series of statements on Friday, the opposition alleged that Modi's actions have dealt five significant shocks to the economy, including demonetization and a flawed Goods and Services Tax (GST), among others.

Congress general secretary for communications, Jairam Ramesh, argued that Modi's government has been promoting a false narrative regarding the economic condition of the country. According to Ramesh, demonetization disrupted economic growth and livelihood, while an inefficient GST hampered small businesses, favoring large enterprises.

The Congress further highlighted issues such as India's reliance on Chinese imports, a dip in private investment, and a plateau in wages, especially in rural areas. The party contends these factors contribute to a widening economic inequality, exacerbating the struggles of the common populace while the government remains oblivious to the stark economic realities.

(With inputs from agencies.)