Congress warns Modi about three economic threats in India

The Congress party has raised concerns about three economic threats: stagnant real incomes, unsustainable credit-driven consumption, and increasing inequality. They question when Prime Minister Modi will address these issues, citing remarks from investment expert Saurabh Mukherjea. Jairam Ramesh, Congress's communications chief, highlighted Mukherjea's views on the economy in a social media post. He noted that many analysts share these concerns, emphasizing the widening wealth gap and stagnant wages affecting the middle class. Last week, Congress referenced an IMF report on slow private investment growth in India. They argue that boosting consumption and improving trade policy are necessary to address the current economic challenges.