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Congress: Inequality, wage stagnation and inflation threaten long-term growth

Congress has regularly condemned the government's economic policies, notably those involving unemployment and price increases

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Jairam Ramesh. File Pic

Jairam Ramesh. File Pic

The Congress attacked the administration on Friday, claiming that inequality, wage stagnation, and inflation are "structurally corrosive" to India's long-term growth prospects. The party encouraged the government to confront the growing financialisation of the economy, reported PTI. 

According to the report, Congress General Secretary for Communications Jairam Ramesh stated that raising private investment as a percentage of GDP is critical for long-term economic growth. However, he stated that this percentage has decreased from 33.4 per cent between 2004 and 2014 to 28.7 per cent from 2014 to 2023.

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