‘Where are the jobs?’ Congress challenges PM Modi after 7.8% Q1 GDP growth data
India's economy grew by 7.8 percent in the April-June quarter. Congress questioned the growth's impact on jobs and prosperity. Prime Minister Modi described the performance as an exemplary and herculean feat. Opposition leaders cited concerns about investment and consumer confidence. They also highlighted issues like unemployment and falling real wages.
The Congress party criticized Prime Minister Narendra Modi over India's 7.8 percent GDP growth in the April-June quarter, questioning whether the figure marks an "economic spring" and presenting a "Greedily Distorted Picture" of the economy's state. Key issues raised by the opposition include the lack of job creation despite growth, depressed private investment sentiment, sluggish consumer confidence, rising household savings rates, record-high debt levels, and an alarming rate of educated unemployment.
The party also highlighted the concentration of key sectors among a few large conglomerates and the wealth disparity between India's richest families and salaried workers. Congress media and publicity chief Pawan Khera emphasized that a 7.8 percent growth in one quarter does not equate to a thriving economy and questioned why prosperity is not trickling down to the public.
Modi defended the growth figure, calling it a "herculean feat," attributing it to the collective strength of the nation despite global challenges such as oil price shocks and supply chain issues.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
