Cong blames 'myopic' policies for India Inc's refusal to invest, hike wages

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Cong blames 'myopic' policies for India Inc's refusal to invest, hike wages - Business Standard

Quick Summary:

The Congress on Wednesday blamed the Central government for corporate India's "failure" to generate employment and investment, claiming its refusal to invest or increase wages is a direct consequence of the Centre's "myopic" policy making.

Citing a report, Congress General Secretary Jairam Ramesh claimed that corporate India is choking the middle class and hurting the India growth story by failing to increase wages despite higher profits and paying lower taxes after GST and tax sops in 2019.

"Here is the government's track record -- indiscriminate corporate tax cuts without linking them to employment creation or investment.