Chidambaram said many of the facts mentioned in the report released by the party are conveniently buried by the Union government.The report titled ‘What happened to growth?’ said, “GDP growth in the 6% range is insufficient to create jobs for our growing youth population, especially when rapid technological change is disrupting the future of jobs.””It will keep India stuck in a state of high inequality, where two-thirds of our population remains dependent on free grains from the government, while the prime minister’s favoured few accumulate wealth rapidly.”The Congress said such economic under-performance robs millions of the Constitution’s promise of a more just, prosperous and equal future.Detailing what it said were different dimensions of “India’s economic malaise”, the report listed the unemployment crisis, uninspiring and unequal GDP growth and stagnant incomes, low household consumption and declining savings.The report also highlighted other issues plaguing the economy under the heads — decline in manufacturing and a “devastating hit” to trade and investment, an “eroding welfare state”, “attack on MGNREGA”, agrarian crisis and farm distress, inflation, crony capitalism, the BJP’s “attack on institutions” and suppression of critical data.Sharing the report, Congress general secretary in-charge communications Jairam Ramesh said, “The forthcoming Union Budget will be preceded by the Economic Survey. As is the tradition under this Government, the Survey will be divorced from the realities of the Indian economy: slowing growth, stagnant wages, high inflation, and mass unemployment. “”To document the painful reality of the economy, Professor Rajeev Gowda and the AICC Research Department have produced the Real State of the Economy Report, 2025. This 116-page report is a truthful, unvarnished look at the economy as the common man is experiencing it,” he said.
Source link
