The Congress on Friday (November 6, 2026) alleged that the common people have become trapped in a vicious cycle of inflation and debt, and said it was now the responsibility of voters in Punjab, Uttarakhand, Uttar Pradesh, Goa and Manipur to express their outrage against rising prices by decisively defeating the BJP in the upcoming Assembly elections.
Savings are shrinking, the number of people taking on debt is rising, and for informal loans, people are forced to pay annual interest rates as high as 18.3%,” Mr. Ramesh claimed, adding that medical expenses were projected to rise by 10% by 2027. The report cited a NABARD survey to claim that rural households were spending 53.5% of their total monthly income on food and beverages alone due to inflation.
Congress general secretary in-charge of communications Jairam Ramesh shared on X a media report which claimed that despite Government assistance under schemes such as the ‘PM Garib Kalyan Anna Yojana’, rising inflation in rural areas was placing an increasing financial burden on people. In his post in Hindi, Mr. “The Modi Government’s claims of rural prosperity are being exposed by surveys conducted by its own institution, NABARD. More than half of the expenditure of rural households is going towards food. “Persistent inflation is breaking the back of the poor and the middle class. The public is already reeling under the burden of rising prices of daily essentials, including vegetables, fruits, pulses, cooking oil, milk and flour,” Mr. There was no relief in earnings, no check on inflation and no respite in healthcare costs, Mr.
Ramesh said that under the Modi Government, the common person’s life had become trapped in a dual vicious cycle of inflation and debt. Ramesh said. “Now, with the Modi Government steeped in the arrogance of power making no effort to rein in inflation, the responsibility falls upon the vigilant citizens of Punjab, Uttarakhand, Uttar Pradesh, Goa and Manipur to express their outrage against inflation by decisively defeating the BJP in the upcoming Assembly elections,” Mr.
