Congress Slams Mahayuti for Maharashtra's Financial Crisis, Promises Economic Revival

The Congress party has accused the Mahayuti government of causing financial ruin in Maharashtra and promised that the incoming Maha Vikas Aghadi (MVA) government will restore economic growth. Citing Union minister Nitin Gadkari’s remarks and detailing fiscal mismanagement, Congress claims Maharashtra's economy is in dire straits due to Mahayuti's policies.

The Congress on Monday accused the Mahayuti government of bringing about Maharashtra's ''financial ruin'' and said the ''incoming'' Maha Vikas Aghadi (MVA) government will restore the state's economic growth story, delivering on both existing subsidies and other commitments.

Jairam Ramesh, Congress general secretary in-charge of communications, cited Union minister Nitin Gadkari's remarks that the Maharashtra government's ''Ladki Bahin'' scheme could affect the timely payment of subsidies in other sectors. Ramesh criticized the Bharatiya Janata Party (BJP) for introducing the scheme without forethought for the state's finances.

Ramesh accused the Mahayuti government of fiscal mismanagement, stating Maharashtra's fiscal deficit has crossed Rs 1 lakh crore, and the total debt burden is over Rs 7 lakh crore, almost 20 percent of the state GDP. Highlighting delayed payments and canceled aid, he claimed the Mahayuti's policies have slowed Maharashtra's GDP growth to just over 5 percent. In contrast, states like Telangana, Karnataka, and Himachal Pradesh are growing at much higher rates.

(With inputs from agencies.)