Asserting that “growing economic inequality” is one of India’s “most pressing concerns”, the Congress on Wednesday (October 28, 2026) demanded that the government acknowledge the reality of this “economic distress”, expand employment opportunities, and take concrete steps to rein in inflation.
Congress president Mallikarjun Kharge also attacked the Modi government, alleging that it is desperate to strip away voting rights and now also wants to eliminate the right to live as well. “Amidst festivals, back-breaking inflation, is gobbling up every single penny of earnings. In his post in Hindi, Mr.
The numbers tell the truth – Food inflation: Rose from 2.13% to 7.74; Household debt: Up 36.7%, at triple the pace; Household financial savings: Down 4%; Retail inflation: 5.54%; Wholesale inflation: 11.39%,” Kharge said in his post in Hindi on X. Congress general secretary (communications) Jairam Ramesh shared on X a media report that claimed that households invested more money in bank deposits, mutual funds, and other financial assets, but their ‘new debt’ grew much faster; as a result, net household financial savings declined by about 4% to 21.6₹9 lakh crore in the 2025-26 fiscal year, compared to ₹22.57 lakh crore last year.
The Opposition party also said that claims of economic development are meaningful only when their benefits reach the common man; otherwise, these statistics tell a story not of progress, but of a widening economic divide. Ramesh said, “Badhti mehengaai, barhta karz, ghat-ti kamaai, Modi sarkar mein madhyam warg ke hisse aayi sirf tabahi (Rising inflation, mounting debt, shrinking earnings – Under the Modi government, the middle class has faced nothing but devastation). The government uses GDP figures to deny the reality, while the middle class and poor families remain deeply anxious about their economic future, he said. “We demand that the government acknowledge the reality of this economic distress, expand employment opportunities, and take concrete steps to rein in inflation,” Mr. Ramesh said.
