Politics
We point out threats to the economy, when PM Modi listens, asks the congress


A jairam ramesh file image. Photo credit: AICC via PTI
The congress on Saturday March 15, 2025) said that it had reported a real stagnation of an income of a decade, a boom in consumption entirely motivated by the expansion of credit and the deepening of inequality as threats to the economy, and wondered what it would take for Prime Minister Narendra Modi to hear them.
The secretary general of the congress in charge of communications Jairam Ramesh cited the remarks of the director of investments of Marcellus Investments, Saurabh Mukherjea, to press his argument.
“In an interview with the Podcast, the director of investments at Marcellus Investments, the famous Sarabh Mukherjea identified three threats to the Indian economy that Congress has reported for months,” Ramesh said in an article on the social media platform.
He said Mukherjea identified “a pernicious and perniometric stagnation of real income for the majority of workers in India” and a “consumption boom which is entirely motivated by the expansion of credit and is therefore very unbearable”.
The head of the congress said that Mr. Mukherjea had also reported inequalities, the elites expanding their wealth at rapid rates while the middle classes stagnate.
“Each serious economic commentator and analyst has more or less approved these same opinions. What will be necessary for the Prime Minister to hear them?” Mr. Ramesh said.
Last week, the Congress cited a IMF report to report the growth of “lukewarm” private investments in India. The opposition party had declared that the release of the current “economic crisis” requires measures to increase consumption, improve the predictability of policies and rationalize trade policy.
The congress attacked the government on its management of the economy, saying that the problems of prices increase, the decrease in private investments and the stagnation of wages have hardly affected ordinary people.
Published – March 15, 2025 07:56
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