Wrong economic policies of govt have put inflation burden on people: Rahul

Former Congress president Rahul Gandhi alleged on Thursday that the Modi government has not shown loyalty to the country or its people and warned that inflation will rise further in the coming days.

Rahul Gandhi, Rahul,
Congress Leader Rahul Gandhi
Press Trust of India New Delhi
2 min read Last Updated : Jun 09 2022 | 10:29 PM IST

Former Congress president Rahul Gandhi alleged on Thursday that the Modi government has not shown loyalty to the country or its people and warned that inflation will rise further in the coming days.

He said "wrong economic policies" of the government have put the burden of inflation on the common people and it is becoming unbearable.

"There is a difference between loyalty and performance. The Modi government did not show loyalty to the country, or to the people. I am talking about inflation. If you think inflation will go down in the coming times, then you are under a misconception. Get ready for a fresh onslaught from the Modi government in the coming days," he said in a Facebook post in Hindi.

Gandhi said the Reserve Bank of India (RBI) has raised the Repo rate by 0.50 per cent and it now stands at 4.90 per cent.

According to the RBI, inflation is going to increase further in 2022-23, while retail inflation will remain at 6.7 per cent, he noted.

"The wrong economic policies of the government have put such a burden of inflation on the common people and it is now becoming unbearable for them. Home, auto, personal loans and EMIs will be costlier. I want to ask the government where should the middle class and salaried class people go and how would they sustain their families," he said.

The Congress has been attacking the government on the issues of price rise and unemployment and has held it responsible for people's woes.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Rahul GandhiIndian National CongressNarendra Modi

First Published: Jun 09 2022 | 10:29 PM IST

Next Story