Archive · 15 Jan 2026
Congress Criticizes Economic Growth, Calls It Deceptive
The Congress party, through its leader Jairam Ramesh, has criticized the government's economic policies.
They say the numbers showing how much the economy is growing are not accurate because they don't consider how prices are changing.
Ramesh also said that the government is favoring certain big companies instead of encouraging new ideas.
He thinks this, along with a scary environment for businesses, is making companies save money instead of investing it to grow.
He shared an article that said even companies with strong finances are not investing more.
The Congress made these comments before the government presents its budget plan for the year.
Congress claims headline GDP growth rates are deceptive due to low price deflators.
Jairam Ramesh accuses the government of favoring certain companies through patronage.
He says the atmosphere of 'Fear, Deception, and Intimidation (FDI)' discourages private investment.
Ramesh questions why companies are focusing on financial markets instead of expanding capacity.
The Congress attack comes ahead of the Union Budget presentation on February 1.
- Who
- Congress general secretary Jairam Ramesh
- What
- Criticized the government's economic policies and GDP growth rates
- When
- January 15, ahead of the Union Budget presentation on February 1
- Where
- New Delhi
- Why
- Believes the economic growth numbers are deceptive and discourage private investment
- Organization
- Congress
- Spokesperson
- Jairam Ramesh
- Platform
- X (formerly Twitter)
- Issue
- Economic growth and private investment
- Budget Context
- Upcoming Union Budget on February 1
- Claim
- Headline GDP growth rates are deceptive
- Accusation
- Government patronage over innovation
- Atmosphere
- Fear, Deception, and Intimidation (FDI)