NEW DELHI: Flagging issues of low consumption expenditure and inequality, the Congress on Friday said the way out of this quagmire is to shift the focus of policymaking from cronyism to bottom-up empowerment and that it must begin with kickstarting rural incomes.In a statement, Congress general secretary in-charge communications Jairam Ramesh cited the Indus Valley Annual Report 2025, an examination of India’s economic landscape and start-up ecosystem by the noted VC firm Blume Ventures, to attack the government. The report offers a granular look into the Indian economy, he noted.Flagging India’s consumption story and inequality, Ramesh said India’s per capita consumption expenditure is only USD 1,493 — less than a third of China’s.India’s consumption of several key lifestyle goods (e.g.two-wheelers, air conditioners, footwear, FMCG, etc.) is alarmingly low.India accounted for 7 per cent of global AC units sold, whereas China accounted for 55 per cent, Ramesh said.
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