Falling FDI and Stagnant Wages: Are Government Policies Stifling India’s Economic Growth?

India’s economy is facing headwinds, with falling foreign direct investment (FDI) adding to existing concerns. Congress leader Jairam Ramesh has criticized the government’s economic policies, highlighting the struggles of everyday consumers.

Stagnant Wages and Flawed GST Hampering Growth

Ramesh pointed to a “decade-long stagnant wages crisis” as a major factor hindering the expansion of consumer markets. He also criticized the implementation of the Goods and Services Tax (GST), calling for fundamental reforms to address its flaws.

Impact on Ordinary Indians

The combination of stagnant wages and a complex GST system is making it difficult for ordinary Indians to afford essential goods and services. This, in turn, impacts overall economic growth and development. Congress is urging the government to address these critical issues to revitalize the economy and support working families.