Congress President Criticizes Modi Over Economic Challenges Facing India
Kharge slams Modi: Enjoy 'melody' of speeches, suffer 'misery' of loot
Image: Asianet Newsable
Mallikarjun Kharge, President of the Indian National Congress, criticized Prime Minister Narendra Modi for rising inflation, a depreciating rupee, and high unemployment rates. He highlighted the burden on citizens, claiming that the government's economic policies have led to significant financial distress for the population.
- 01Under Modi's government, the average debt per Indian has increased 11-fold over the past 11 years.
- 02The price of domestic LPG has surged by 121%, from ₹414 in 2014 to ₹915.5 in 2026.
- 03Youth unemployment has reached 15.2%, marking a nine-month peak as of March 2026.
- 04India's foreign exchange reserves have decreased by approximately $38 billion since the onset of the West Asia conflict.
- 05Total Foreign Portfolio Investment (FPI) outflows from equity markets have hit ₹2.2 lakh crore in 2026, surpassing the entire 2025 figure.
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Congress President Mallikarjun Kharge has sharply criticized Prime Minister Narendra Modi for the deteriorating economic conditions in India, including soaring inflation and high unemployment. Kharge pointed out that the average debt per Indian has increased 11-fold in the past 11 years, while essential commodities like domestic LPG have seen a 121% price hike, escalating from ₹414 in 2014 to ₹915.5 in 2026. He also highlighted the alarming youth unemployment rate of 15.2%, which reflects growing economic distress among young people. Additionally, Kharge noted that India's foreign exchange reserves have plummeted by around $38 billion due to the ongoing West Asia conflict, further weakening the economy. He accused the government of imposing harsh economic burdens on citizens, leaving around 80 crore people reliant on a meager ration support system. Despite these challenges, Kharge claimed that Modi continues to focus on public relations rather than addressing the pressing economic issues.
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The economic challenges highlighted by Kharge indicate significant financial distress for ordinary citizens, particularly affecting their purchasing power and employment opportunities.
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