Given the state assembly elections, Congress has once again targeted the Modi government, claiming that the challenging state of the economy has increased difficulties in the daily life of the common people. Citing the estimates and figures of some external financial agencies, the party said that the real domestic income of the people in the country has declined due to the backbreaking inflation amid extremely slow increases in salaries and wages.
The party alleged that the attitude of the central government regarding the fact of unprecedented decline in real income compared to inflation is like that of an "ostrich" and it is indifferent to the most basic challenges of the economy. After the success in keeping the issue of inflation and unemployment at the center of the electoral debate in the Lok Sabha elections, the party is continuously trying to surround the government aggressively on issues related to the public.
Wages decreased due to inflation - Jairam Ramesh
In a statement issued on Sunday, Congress Communication General Secretary Jairam Ramesh, citing a new report of a well-known brokerage firm, said that the real domestic income in India is continuously declining. Real wages have fallen significantly due to slow wage growth and backbreaking inflation. Several surveys and data - including the Annual Survey of Unregistered Industries, Reserve Bank's KLEMS, and Household Consumer Expenditure Survey - reflect the deepening financial crisis faced by the working class.
Jayaram said that the government's official data also clearly proves that the purchasing power of workers has decreased today compared to 10 years ago. The Labor Bureau's Wage Rate Index shows that the real wages of workers remained stagnant between 2014-2023 and declined between 2019-2024. According to the Congress General Secretary, it is clear from the data of the Agriculture Ministry that while the real wages of agricultural laborers increased at the rate of 6.8 percent every year during the tenure of the Manmohan government, the real wages of agricultural laborers declined by -1.3 percent every year under the Modi government.
Why has private investment remained sluggish?
Asking four questions to the Prime Minister and his ministers about these challenges of the economy, Jairam said that the government should explain why private investment remains sluggish and why the share of the private sector in overall investment has fallen to the lowest level in the last four years.
Secondly, why is consumption growth so weak and why did private final consumption expenditure grow only around 4 percent in FY 2024? The government should also explain why real wages are stagnant or why are they declining. Jairam said that the percentage share of the manufacturing sector in GDP has fallen from 16.5 percent during the UPA tenure to 14.5 percent today and the government should clarify its stand on why this decline is particularly sharp in labor-intensive manufacturing such as textiles.
SC to hear Krishna Janmabhoomi-Shahi Idgah dispute today, Shahi Masjid Idgah Management Trust Committee has filed a petition.
The Supreme Court will hear many important cases on Tuesday including the bulldozer campaign, Sri Krishna Janmabhoomi-Shahi Idgah dispute in Mathura, Kolkata doctor rape-murder.
Stree 2: Shraddha Kapoor reached the court of Shirdi Sai Baba, celebrated the success of 'Stree 2', took blessings
Shraddha Kapoor and Rajkummar Rao's 'Stree 2' is a sequel to the blockbuster horror comedy Stree, which was released in 2018. The film was released in theaters on the night of August 14, 2024, and is
Kesari 2 got the support of PM Modi before its release, Akshay Kumar thanked the Prime Minister.
Akshay Kumar, R. Madhavan and Ananya Pandey starrer film 'Kesari: Chapter 2' is in the news these days. As soon as the trailer of this patriotic film came out, the curiosity of the audience has
Jammu Kashmir: MLAs clashed outside the assembly, a scuffle took place; huge uproar in the House over the Waqf law
There is a ruckus in the Jammu and Kashmir Assembly on the third day over the Waqf Act. National Conference MLAs protested strongly demanding a discussion on Waqf. After which there was a clash
A war of words over SIR: Are BLO deaths also a drama? Akhilesh asks PM Modi's 'delivery, not drama' jibe.
The winter session of Parliament has begun with a stormy start. The opposition created a ruckus over the SIR issue. Samajwadi Party National President and MP Akhilesh Yadav sharply retorted to Prime
Dhurandhar 2: Dhurandhar 2 will create a buzz on Holi, is the trailer preparation underway after the teaser release?
Director Aditya Dhar's film Dhurandhar has become one of the most talked-about movies in the film industry. After the immense success of the first part, the makers are bringing the second installment,
CSK vs KKR: 'If you want to be a champion then...', said KKR vice-captain Venkatesh Iyer before the match against Chennai
Kolkata Knight Riders will face Chennai Super Kings at Chepauk on Friday in IPL 2025. Ahead of the match, KKR vice-captain Venkatesh Iyer said that his team does not think much about the conditions of
Earthquake: Earth shook from Kabul to Delhi, 622 people feared dead due to earthquake
The earthquake has caused massive destruction in Afghanistan. Strong tremors were felt late at night in the south-eastern part of Afghanistan. The intensity of the earthquake was so high that many
Trump Tariff: PM Modi will hold a high-level meeting today regarding the US tariff; big decisions can be taken.
The US has officially started imposing tariffs on dozens of countries, including India. At the same time, Prime Minister Narendra Modi will chair an important high-level cabinet meeting at 1 pm today,
Donald Trump vs Kamala Harris: Result day in America; Harris will see the result in Washington and Trump in Florida
There are only a few hours left before the US presidential election race ends. Vice President Kamala Harris has reached Washington DC. Her election watch party is being held at Howard University in
