Congress slams BJP for ‘wrecking’ economy, claims foreign investors withdrew ₹4.03 lakh crore in 2026
Foreign portfolio ownership in NSE-listed companies declined to about 15.8%, says Congress leader Shaktisinh Gohil.
On October 5, 2026, the Congress party accused the Narendra Modi government of "wrecking" the Indian economy, claiming that foreign institutional investors (FIIs) had pulled out a staggering ₹4.03 lakh crore from the markets between January and September of that year. At a press conference, senior Congress leader Shaktisinh Gohil highlighted the sudden withdrawal of ₹29,000 crore from the Indian markets in the final three trading sessions of September 2026, expressing deep concern over this trend.
Gohil pointed out that foreign portfolio ownership in National Stock Exchange-listed companies had plummeted to a 17-year low of 15.8%, attributing this decline to the BJP-led government's economic policies and their preference for "crony capitalism". He also raised alarm bells regarding the impact of market losses and taxation on retail investors, noting that over 130 million people are involved in the stock market.
Gohil pointed a finger at Prime Minister Narendra Modi and Union Home Minister Amit Shah, demanding accountability for the losses incurred by investors. He urged the government to explain the sustained outflows of FIIs, the rupee's depreciation, rising fuel prices, and the retail investors' financial setbacks.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
