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Senior Congress leader Jairam Ramesh on Wednesday launched a blistering attack on the Prime Minister Narendra Modi-led government, alleging that the country is heading toward a severe economic crisis due to "anti-people" policies and a 44-month high in wholesale inflation.
In a post on X, Ramesh asserted these figures are a "living document" of the current administration's economic failure. "Due to the Modi government's anti-people policies, the country is continuously heading towards an economic crisis. The Congress party has repeatedly warned the government about this over the past few months. In 44 months, the most severe wholesale inflation (9.87 per cent), amid a 27.4 per cent fire in fuel and electricity prices, sowing for agriculture has hit a record low for three years this time," Ramesh posted. The Congress MP expressed grave concern over the impact of rising costs on the industrial sector and the common man. "The common public is exhausted by rising inflation and unemployment, and the country's food provider is tormented by the dual blow of the government's wrong policies and the weather. Rising inflation has already increased the costs for industries. When all the basic indicators of the country's economy are on 'red alert', the Modi government is busy only in shining headlines to divert the public's attention instead of handling the situation. Instead of controlling inflation, the government is only trying to hide the horrific figures," he alleged. Demanding accountability from the top leadership, Ramesh said the Prime Minister cannot evade responsibility after over a decade in power. India's wholesale inflation accelerated slightly in June, driven by rising costs for food and fuel. According to data released by the Ministry of Commerce & Industry, the annual rate of inflation based on the All India Wholesale Price Index (WPI) stood at 9.87 per cent on a year-on-year basis for June 2026, up from the 9.68 per cent recorded in May 2026. Wholesale food prices experienced a notable uptick during the month. The WPI Food Index, which carries a total weight of 24.99 per cent and combines food articles from primary goods with manufactured food items, registered a year-on-year inflation rate of 6.14 per cent in June, climbing from the 4.49 per cent reported in May. The retail inflation rate jumped to 4.38 per cent in June from 3.93 per cent in May, breaching the Reserve Bank of India's (RBI's) 4 per cent benchmark target. (ANI)
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