The Congress party has expressed serious concerns regarding the current economic situation in India, alleging that the Modi government is in 'panic mode' and facing internal pressures. Congress leader Jairam Ramesh highlighted that private corporate investment remains weak, with many potential investors opting to invest abroad or delaying domestic investments. He pointed to a media report suggesting that the government plans to issue an ordinance to amend the Income Tax Act, which would remove the 12.5% long-term capital gains tax for foreign portfolio investors (FPIs) in Indian government securities. Ramesh criticized this move as a superficial fix, stating that it does not address the underlying issues hindering investment, such as stagnating real wages and increasing income inequality. He emphasized that while corporate earnings are at record levels, the rate of private corporate investment as a percentage of GDP has notably decreased. The Congress party argues that the government's focus on temporary measures, like the proposed ordinance, fails to tackle the structural problems affecting the economy.