‘India’s debt has soared to 205 lakh crores underneath PM Modi, it will burden frequent public’, says Congress

Congress chief Priyanka Gandhi Vadra slammed the BJP-led Centre on Saturday over its proposal to borrow greater than Rs 14 lakh crore, asking why is the federal government “drowning the folks in debt” when as an alternative of aid being offered to them, the “burden of unemployment, inflation and financial disaster” is rising.

In her price range speech final month, Finance Minister Nirmala Sitharaman proposed to borrow Rs 14.13 lakh crore by issuing dated securities to satisfy a income shortfall within the subsequent monetary yr beginning April 1.

In a put up in Hindi on X, Gandhi stated: “The finance ministry said that the federal government goes to borrow greater than Rs 14 lakh crore within the present monetary yr. Why?”

Within the 67 years since independence until 2014, the nation’s whole debt was Rs 55 lakh crore, the Congress common secretary stated whereas stating that within the final 10 years, the Narendra Modi authorities elevated it to Rs 205 lakh crore.

The Modi authorities has borrowed about Rs 150 lakh crore within the final 10 years, she claimed.

“In the present day, each citizen of the nation has a median debt of about Rs 1.5 lakh. For which facet of nation constructing was this cash used?” Gandhi requested on the microblogging platform.

Had been jobs created on a big scale or did jobs truly disappear, she requested additional.

“Has the revenue of farmers doubled? Are faculties and hospitals given a facelift? Has the general public sector been strengthened or weakened? Have large factories and industries been arrange?” Gandhi requested.

If this has not occurred, if the core sectors of the financial system are seen to be in a state of disrepair, if the labour power has declined, if small and medium companies have been destroyed, then the place has this cash gone, the Congress chief requested.

“On whom was it spent? How a lot cash was written off on this? How a lot cash was spent on mortgage waivers for large billionaires?” she requested additional.

“Now, when the Centre is getting ready to borrow, the query arises that why is the BJP authorities drowning the folks in debt when as an alternative of offering aid to them, the burden of unemployment, inflation and financial disaster saved on rising within the final 10 years,” Gandhi stated. ( With PTI Inputs )