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The Congress connected Thursday (May 21, 2026) voiced interest implicit the State of the system and alleged that Prime Minister Narendra Modi is "managing elections done Gyanesh" but needs "new Gyan" connected the economy.
Congress wide caput in-charge communications Jairam Ramesh said the sentiment connected the Indian system has taken specified a downturn that adjacent the Modi government's nonrecreational cheerleaders person begun to springiness nationalist look to their concerns.
Our connection connected the perilous authorities of the Indian system amidst the PM's toffee organisation and his pious sermons to the nationalist pic.twitter.com/L4cz7KPUcz
— Jairam Ramesh (@Jairam_Ramesh) May 21, 2026"Inflation forecasts are sharply up portion maturation projections are appreciably down. FDI continues to shrink and proviso chains person been truthful gravely mismanaged that the Prime Minister has present gone connected grounds asking consumers to trim their consumption," helium said.
"There is thing caller astir these concerns. The Indian National Congress has been voicing them for immoderate time, the astir important of which relates to the tepid concern climate," helium said successful a statement.
Referring to the Prime Minister gifting toffees to Italian Premier Giorgia Meloni, Mr. Ramesh said the Prime Minister is engaged distributing toffees and engaging successful pious pleas to the public.
"The crushed is slipping beneath the country's feet. We request a extremist reset successful economical policy-making, but the Modi Government has tally retired of ideas — different than the accustomed self-glorification.
"The PM is managing elections done Gyanesh but urgently needs caller Gyan connected the economy," the Congress person alleged, successful a notation to Chief Election Commission Gyanesh Kumar.
He said economical maturation cannot beryllium accelerated and sustained astatine higher levels, arsenic so it must, without a important summation successful the complaint of backstage investment.
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"This complaint of backstage concern has not moved up due to the fact that existent wages person been stagnating thereby suppressing maturation successful depletion crossed income categories. In the lack of user demand, determination is nary inducement for India Inc to invest.
"Prevailing ambiance of fearfulness and concern uncertainty successful the concern assemblage caused by argumentation flip-flops, administrative orders, taxation notices, raids and threats of raids by taxation authorities and investigative agencies," helium noted.
Mr. Ramesh said continued 'dumping' of imports from China's concern over-capacity has wrecked request for section goods crossed the manufacturing sector.
"Growing attraction of ownership, aided by government-enabled takeovers by the PM's closest friends. Modani is the shining illustration of this cronyism," the Congress person said.
"Little inducement for corporates to put independently and judge the hazard that comes alongside it erstwhile profits tin beryllium successfully reaped from making a outgo to the Modi Government's 'Chanda Lo Dhandha Do' concern counter," helium alleged.
Noting that firm India's taxation rates are astatine grounds lows and its net are astatine grounds highs, helium said, banal marketplace valuations look buoyant.
"Yet, concern momentum is conspicuously absent and those who are successful a presumption to put are relocating and/or investing overseas successful expanding numbers.
"Grand concern announcements proceed to get made but however galore of these intentions get converted into existent assets connected the crushed is unfastened to superior question," the Congress person said.
