Congress Claims Unprecedented Decline in Real Wages Due to Slow Growth, Inflation: Jairam Ramesh

The Congress has raised concerns over the declining real wages and incomes in India, attributing it to slow wage growth and “back-breaking” inflation. In a statement, Congress leader Jairam Ramesh highlighted a new report by a brokerage firm that reveals the persistent decline in real household incomes.

Ramesh pointed out that various surveys and data sets have shown financial distress among working-class Indians, with real wages for laborers stagnating or declining over the years. He cited government data that indicated a decline in real wages for agricultural laborers under the current government compared to the previous administration.

The Congress leader also questioned the government’s handling of the economy, raising concerns about sluggish private investment, declining private sector share in overall investment, weak consumption growth, and falling manufacturing percentages. Despite these challenges, Ramesh criticized the government for not addressing the fundamental economic issues faced by the country.

As the debate on economic policies continues, the Congress remains vigilant in highlighting the pressing issues of real wage decline and income stagnation that are affecting millions of Indians.