Cong slams govt for low consumption, inequality; urges rural income boost

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Cong slams govt for low consumption, inequality; urges rural income boost - Business Standard

Quick Summary:

In a statement, Congress general secretary in-charge communications Jairam Ramesh cited the Indus Valley Annual Report 2025, an examination of India's economic landscape and start-up ecosystem by the noted VC firm Blume Ventures, to attack the government.

Flagging issues of low consumption expenditure and inequality, the Congress on Friday said the way out of this quagmire is to shift the focus of policymaking from cronyism to bottom-up empowerment and that it must begin with kickstarting rural incomes.

Flagging India's consumption story and inequality, Ramesh said India's per capita consumption expenditure is only USD 1,493 -- less than a third of China's.