Inclusive economic growth can only be ensured by India Bloc: Cong
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New Delhi: The Congress party stormed an attack on Prime Minister Narendra Modi’s ‘redistribution of wealth’ remark stating that he remains silent on the reality of wealth distribution disparity in India where 40 percent of wealth created in the country from 2012 to 2021 has been secured among the hands of one percent of the population and asserted that achieving vastly more inclusive economic growth can only be realized by India bloc.
At a rally in Rajasthan on Sunday, Modi had said that if the Congress came to power, it would redistribute the wealth of people to “infiltrators” and those who have more children, and cited former PM Manmohan Singh’s remark that the minority community had the first claim on the country’s resources.
The Congress has hit back at Prime Minister Modi over his remarks targeting the party, saying after facing “disappointment” in the first phase of Lok Sabha polls, the PM has now resorted to “lies” and “hate speech” to divert people from the real issues.
Congress general secretary Jairam Ramesh on Tuesday said on X, “The Prime Minister will never tell you that: More than 40% of the wealth created in the country from 2012 to 2021 has gone to just 1% of the population.”
Approximately 64 per cent of the total goods and services tax (GST) in the country comes from the poor, the lower middle classes, and the middle classes, he said.
“Most of the public assets and resources sold in the last ten years have gone to one or two companies – economists have shown that the growing monopolisation of the economy has led to higher inflation,” he alleged.
Today, 21 billionaires combined have more wealth than 70 crore Indians, Ramesh said.
“India needs faster economic growth. India needs vastly more inclusive economic growth. India needs hugely more ecologically sustainable growth. Only INDIA can and will deliver this triad,” Ramesh asserted.