Congress Criticizes PM Modi Amid Decline in FDI Inflows
The Congress has targeted Prime Minister Narendra Modi over the decline in net FDI inflows, citing a 159% fall in August. Party leader Pawan Khera referenced Modi's 2013 advice to the then finance minister to prioritize the economy over politics, urging Modi to heed his past counsel.
- Country:
- India
On Wednesday, the Congress took aim at Prime Minister Narendra Modi, criticizing the significant decrease in net foreign direct investment (FDI) inflows into India. Party spokesperson Pawan Khera called on Modi to reflect on his advice from 12 years ago, when he urged the then Congress-led government to focus on economic stability.
Khera cited statistics indicating a 159% drop in net FDI in August, where more capital exited the country than entered. Additionally, the growth of India's eight core sectors dipped to a three-month low of 3%, while the tech sector’s job prospects for FY26 appear bleak.
The Congress leader also shared Modi’s 2013 social media post directed at former finance minister P Chidambaram, stressing the need to concentrate on economics instead of engaging in political squabbles. Amid the FDI downturn highlighted in the RBI's recent bulletin, the party urges Modi to undertake corrective measures to revitalize the economy.
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