Claims on economy conceal choke points that will strangulate growth: Cong

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Claims on economy conceal choke points that will strangulate growth: Cong - Business Standard

Quick Summary:

Asserting that the last 10 years have seen "highly detrimental economic trends", the Congress on Sunday said the monsoon has receded but at least "three dark clouds" of languishing private sector investment, stagnating manufacturing and decline in real wages and productivity for labourers, still loom over the Indian economy.

Congress general secretary in-charge communications Jairam Ramesh said bombastic claims on the economy are being made by Prime Minister Narendra Modi and his drumbeaters but what these claims conceal are the choke points that will strangulate growth in the years to come if not taken seriously now, in a spirit of humility.

But new evidence has shown that at least three dark clouds still loom over the Indian economy," Ramesh said in a statement.