Congress Accuses Central Government of Stunting Corporate Growth

The Congress accuses the Central government of hindering employment and investment opportunities in corporate India, attributing this to the government's policy decisions. Congress General Secretary Jairam Ramesh criticizes tax policies, GST, and lack of incentives for investment and wage growth, which allegedly stifle economic progress.

The Congress has launched a scathing attack on the Central government, holding it responsible for what it terms as corporate India's 'failure' to generate jobs and investment. The party blames the Centre's policies for the stagnation in wages and lack of investment.

Congress General Secretary Jairam Ramesh, citing a report, alleges that corporate India has been throttling the middle class despite reaping higher profits and benefiting from tax cuts. According to Ramesh, the Union government's tactics, such as corporate tax cuts unlinked to job creation and a harsh GST regime, are to blame.

Ramesh further accuses the government of failing to boost demand by increasing MSP and MGNREGA wages and providing income support to struggling classes, thereby exacerbating the unemployment crisis. He claims that India's political economy, marked by cronyism and corruption, provides no incentive for corporate investment and wage hikes.

(With inputs from agencies.)