Challenge PM Modi to speak about real issues in rallies instead of 'lies' against Opposition: Mallikarjun Kharge

Congress president Mallikarjun Kharge on Monday alleged that the BJPs antipeople policies are corroding Indias economy and challenged Prime Minister Narendra Modi to speak about real issues facing common people in his future election rallies instead of spewing lies against the OppositionKharge said fake narratives cannot be a substitute for real welfareHave a look at the economic turmoil you have created by looting ordinary citizens of their last paisa Even the festive cheer could not lift the spirits of Indias economy reeling under low consumption high inflation widening inequality dampened investment and wage stagnation the Congress chief said in a post on Xnarendramodi ji Fake narratives cannot be a substitute for REAL welfare Have a look at the economic turmoil you have created by looting ordinary citizens of their last paisa Even the festive cheer could not lift the spirits of Indias Economy reeling under lowhellip pictwittercomhGMD53zM11mdash Mallikarjun Kharge kharge November 4 2024Even industry captains are forced to talk about missing middle class syndrome as the Modi government deals a body blow to the poor and middle class by imposing backbreaking price rise and wiping out their savings through mindless taxation he alleged5 undeniable facts Food Inflation is at 92 per cent Vegetable inflation surged from 107 per cent in August to a 14month high of 36 per cent in September 2024 It is a fact that the FMCG sector has seen demand sharply decline with growth in sales dropping from 101 per cent to just 28 per cent in a year Your own Finance Ministrys monthly report states this he saidKharge said FMCG companies reported a decline in margins and have stated that this could lead to an increase in prices if raw material costs become unmanageable for companiesThe Congress chief claimed that household savings have plunged to a 50year lowConsumption has severely dipped due to high food inflation For instance the growth in the FampB sector which used to be in double digits is now down to 152 per cent Analysts at Nomura India have noted that urban demand shall continue to lag due to lower salary increases waning pentup demand high interest rates and tight credit conditions he saidKharge also pointed out that passenger vehicle sales dropped by 19 per cent in September and most October sales are flatThe Finance Ministry has noted that there has been a 23 per cent contraction in automobile sales he said adding that a crucial indicator of rural economic health twowheeler sales has yet to surpass 2018 numbersEven SUV sales are at a 26month low Housing sales in Indias top 8 cities declined by 5 per cent in the quarter ending September 2024 he saidKharge also claimed that real wages for labourers stagnated between 20142023 and declined between 20192024 he said citing Labour Bureaus Wage Rate IndexBetween 201415 and 202122 inflationadjusted wages of Indias workforce have risen by less than 1 per cent ILO he saidModi ji it is crystal clear that you do not believe in hard data since you have mastered the art of FAKERY BJPs antipeople policies are corroding Indias Economy Kharge alleged in his postWe challenge you to speak about the REAL issues facing common people in your future election rallies instead of spewing lies against the Opposition he said Asserting that India is in its most precarious and difficult economic situation in many years the Congress on Wednesday said wage stagnation inflation and inequality are undermining consumption growth in the countryThe Congress has been attacking the government over its handling of the economy and raising concerns over increasing unemployment and price rise