‘Inequality, Wage Stagnation, And Inflation Harm Long-Term Growth’

Congress general secretary Jairam Ramesh criticized inequality, wage stagnation, and inflation as structurally corrosive to India’s long-term growth. He emphasized the need to boost private investment rates, which have dropped from 33.4% (2004-2014) to 28.7% (2014-2023). He also referenced an article by a public finance economist highlighting additional economic concerns.