Congress Leader Questions Government's GDP Growth Claims Ahead of Union Budget

Ahead of the Union Budget, Congress leader Jairam Ramesh criticized the Modi government's economic claims, describing headline GDP growth as misleading due to low price deflators reflecting stagnant incomes and weak demand outside the wealthiest groups. He highlighted that despite record corporate profits and low debt, companies are hesitant to invest in capacity expansion, preferring financial markets. Ramesh attributed this to government patronage favoring select firms and an atmosphere of fear and uncertainty, urging the Budget to boost the investment climate.