Congress Criticizes Modi’s New Year Resolutions

• Congress President Mallikarjun Kharge criticizes Prime Minister Narendra Modi’s New Year resolutions as “rhetoric” destroying citizens’ lives.

• Kharge accuses the Modi government of stealing women’s mangalsutras due to increased default on gold loans.

• Seven indicators show economic turmoil: 50% increase in gold loans and 30% jump in default NPAs.

• Car sales growth has dropped to a four-year low, and wages have grown at a 0.8% compound annual rate in the past five years.

• Food inflation has averaged 7.1% over the last eight quarter, and indirect taxation on essential items is depleting household savings.

• Household financial liabilities now make up 6.4% of GDP, and the rupee has hit an all-time low, forcing foreign fund outflows.