Net FDI has fallen steeply, home traders gripped by ‘concern’: Congress slams authorities

The Congress on Monday (July 28, 2025) claimed that the online international direct funding has fallen steeply whereas home traders are gripped by “concern and uncertainty”, because it requested the federal government to help incomes, finish its “crony capitalist and tax terrorism” insurance policies, repair the GST, and shield Indian industries from Chinese dumping.

The opposition get together’s assertion got here after Finance Minister Nirmala Sitharaman’s reported remarks that India’s personal sector funding has not saved tempo with the rising public expenditure.

Also Read: Why has internet FDI influx plummeted?

In a put up on X, Congress common secretary in-charge communications Jairam Ramesh stated, “The Finance Minister has lastly acknowledged what the INC had been saying for a very long time: that personal funding continues to be sluggish and isn’t rising on the tempo desired and in addition anticipated.”

“This is even after the numerous company tax cuts of September 2019, undertaken simply earlier than the Howdy Modi occasion that was held in Houston in help of President Trump’s re-election,” Mr. Ramesh stated.

He additional stated that internet FDI has fallen steeply whereas home traders are gripped by “concern and uncertainty” – thanks in massive measure to “tax terrorism and insurance policies that solely favour a few enterprise teams”.

“The progress of mass markets for consumption items is being hampered by a decade-long stagnant wages disaster and a flawed GST, which awaits basic reform,” Mr. Ramesh argued.

“Finally, the “dumping” of low cost imports from China – which is happening regardless of the lack of Indian territory in Ladakh – has additionally led to the closure of home manufacturing models, foreclosing the potential for new investments,” he stated.

“Acknowledgment is step one. Now comes the exhausting half – the federal government must take motion to help incomes, put an finish to its crony capitalist and tax terrorism insurance policies, repair the GST, and shield our industries from Chinese dumping,” Mr. Ramesh stated.

The Congress has been attacking the federal government over its dealing with of the financial system, claiming the problems of rising costs, lowering personal funding, and stagnating wages have been hitting the frequent individuals exhausting.