‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre

Leader of Opposition in the Lok Sabha, Rahul Gandhi on Sunday said that the India’s Gross Domestic Product (GDP) growth rate has fallen to its lowest in two years at 5.4 percent.

He said that the Indian economy cannot progress if its benefits are limited to a few billionaires while farmers, labourers, the middle class, and the poor continue to face economic struggles.

“India’s GDP growth rate has fallen to its lowest in two years at 5.4%. The thing is clear – the Indian economy cannot progress as long as its benefits are accruing only to a handful of billionaires and the farmers, labourers, middle class and the poor are struggling with various economic problems,” the Congress leader wrote on X (formerly Twitter).

He mentioned that retail inflation has risen to 6.21 percent with potato and onion prices increasing by nearly 50 percent and the rupee has fallen to 84.50.

“Take a look at these facts, see how worrying the situation is: Retail inflation has risen to a 14-month high of 6.21%. The price of potatoes and onions has increased by almost 50% this year compared to October last year. Rupee has reached its lowest level of 84.50. Unemployment has already broken the record of 45 years,” Rahul added.

Rahul Gandhi also alleged that in the last five years, the income of labourers, employees and small businessmen has either stagnated or decreased significantly.

He also claimed that demand has declined due to reduced income, with the share of cars priced below ₹10 lakh dropping to less than 50 percent from 80 percent in 2018-19.