Net FDI has fallen steeply, domestic investors gripped by 'fear': Congress slams govt
GST
Dated:- 28-7-2025
PTI
New Delhi, Jul 28 (PTI) The Congress on Monday claimed that the net foreign direct investment has fallen steeply while domestic investors are gripped by “fear and uncertainty”, as it asked the government to support incomes, end its “crony capitalist and tax terrorism” policies, fix the GST, and protect Indian industries from Chinese dumping.
The opposition party's assertion came after Finance Minister Nirmala Sitharaman's reported remarks that IndiaÂ’s private sector investment has not kept pace with the growing public expenditure.
In a post on X, Congress general secretary in-charge communications Jairam Ramesh said,
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awaits fundamental reform, Ramesh argued.
Finally, the “dumping” of cheap imports from China which is taking place despite the loss of Indian territory in Ladakh has also led to the closure of domestic manufacturing units, foreclosing the possibility of new investments, he said.
“Acknowledgment is the first step. Now comes the hard part the government needs to take action to support incomes, put an end to its crony capitalist and tax terrorism policies, fix the GST, and protect our industries from Chinese dumping,” Ramesh said.
The Congress has been attacking the government over its handling of the economy, claiming the issues of rising prices, decreasing private investment and stagnating wages were hitting the common people hard. PTI
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