Overview
- The opposition intensified public attacks on the Centre this week, with Congress communications chief Jairam Ramesh on Thursday calling for a “radical reset” in economic policy and accusing the government of running out of ideas.
- Congress says private investment momentum has stalled despite low corporate taxes and strong company earnings, and it questions whether announced projects are translating into real assets on the ground.
- The party alleges a growing ‘atmosphere of fear’ from policy flip-flops, administrative orders, tax notices and raids that deters businesses from investing.
- Both Congress and the Samajwadi Party blamed weak consumer demand, rising inflation forecasts, shrinking FDI and continued Chinese imports for stress in manufacturing and pressure on small traders.
- Opposition leaders warn the trend could raise unemployment and trigger capital flight, and they framed their critique as a central issue for upcoming political contests while no fresh government response was reported in the coverage.