Debt of 'achhe din': Congress slams Modi government over rise in per capita debt
The other report, shared by Ramesh, said 25.7 per cent of the ordinary person's disposable income is going towards paying EMIs of loans which are non-productive for them in the future."Debt of 'Achhe Din'! The Modi government has ruined the country's economy in the last eleven years. No effort was made to improve the lives of the people. All the policies were made only for capitalist friends, the losses of which are being suffered by the people of the country today," Ramesh alleged in his post in Hindi on X.advertisementThis truth is coming in front of us every day in some way or the other, he saidRamesh said the latest report of the Reserve Bank of India has revealed a worrying picture of India's economy.The government is constantly trying to hide the real shortcomings by taking the help of statistics and experts, but no one can deny the truth that the debt burden on the country is at its peak in "Modi Raj", Ramesh said."In 2 years, the per capita debt has increased by Rs 90,000 to Rs 4.8 lakh," he said."25.7% of the income is going only in repaying the debt. The maximum 55% of loans go to so-called credit cards, mobile EMIs etc., which means that in this inflation, families are not able to survive with their income, and they are forced to take loans," Ramesh said.He also pointed out that unsecured loans have crossed 25 per cent."The most worrying thing is that by March 2025, India's debt to other countries/external debt was 736.3 billion dollars, which is 10 percent more than last year," Ramesh said."The youth are unemployed. Farmers are committing suicide. People are troubled by inflation. Constitutional institutions are being crushed. People are drowning in debt and Modi ji's best friends are making profits. Their wealth is increasing," he alleged.advertisementThe direct question is that when all government projects are being done through public-private partnership or private participation, then why is the debt in the country increasing," Ramesh said."Why is every citizen of the country in debt of Rs 4,80,000?" he said.The Congress has been attacking the government over its handling of the economy and raising concerns over increasing unemployment and price rises.- EndsTune InMust Watch
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