Poor policies of BJP Govt cause decline in Indian investment for 10 years: Congress
New Delhi: The Indian opposition party Congress has criticized the BJP-led Modi government’s economic policies, claiming that these policies have led to a decrease in investment in India over the past decade.
According to Kashmir Media Service, the Congress General Secretary, Jairam Ramesh, stated in a statement issued on Wednesday that the BJP government’s lack of vision and poor economic policies, combined with the use of raids by the Enforcement Directorate, CBI, and Income Tax Departments to favor friendly capitalists, have contributed to a decline in investment over the last ten years. He added that since the Modi government came to power in 2014, there has been a continuous decline in investment in India, primarily due to the government’s poor policies, unnecessary raids by investigative agencies, and a need to honor capitalist friends.
He further stated that due to this lack of investment, India’s overall domestic production rate is being adversely affected, with the country’s poor and low-income populations facing severe poverty and inflation.
Jairam Ramesh also noted that the rate of investment during the Congress regime was 25 to 30 percent of the GDP, but this rate has decreased to 20 to 25 percent under the regime of the self-styled avatar of Paramatma (Narendra Modi).
