Congress Leader Accuses PM Modi of Causing Unprecedented Decline in Real Wages

Congress leader accuses PM Modi of causing unprecedented decline in real wages, vows to restore higher growth if elected.

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Rafia Tasleem
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Congress Leader Accuses PM Modi of Causing Unprecedented Decline in Real Wages

Congress Leader Accuses PM Modi of Causing Unprecedented Decline in Real Wages

On April 21, 2024, Congress leader Jairam Ramesh accused Prime Minister Narendra Modi of causing an unprecedented decline in real wages for workers in India. Ramesh cited multiple data sources, including the government's own statistics, showing that real wages have stagnated or declined under the Modi government, with a 1.3% annual decrease for agricultural laborers and stagnant earnings across all employment types between 2017 and 2022.

Ramesh pointed out that under the previous UPA government, real wages for agricultural laborers grew by 6.8% annually, in contrast to the decline seen during Modi's tenure. He argued that the stagnant real wages have dragged down consumption growth and private investment, leading to slower economic growth and an unemployment crisis.

The Congress leader alleged that this decline in real wages is part of a conspiracy by the Modi government to destroy the Constitution of Babasaheb Ambedkar. The Congress party has intensified its attack on the prime minister after he suggested that if the Congress comes to power, it would redistribute wealth of people to Muslims, citing former PM Manmohan Singh's remark that the minority community had the first claim on the country's resources.

Why this matters: The accusation by the Congress leader highlights the growing concerns over the economic well-being of workers in India and the potential impact on the country's overall growth. The decline in real wages and its implications for consumption and investment could have far-reaching consequences for India's economy and social stability.

Ramesh asserted that an INDIA coalition government will return the country to a higher growth trajectory when it comes to power on June 4. He emphasized the need for policies that promote inclusive growth and address the challenges faced by workers across various sectors of the economy.

Key Takeaways

  • Congress leader accuses PM Modi of causing unprecedented decline in worker wages
  • Real wages stagnated or declined under Modi, contrasting with growth under UPA
  • Stagnant wages blamed for dragging down consumption, investment, and economic growth
  • Congress alleges wage decline is part of conspiracy to destroy Ambedkar's Constitution
  • Congress promises to return country to higher growth trajectory if elected in 2024