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Households slowly sinking into debt: Congress

Households slowly sinking into debt: Congress

Jairam Ramesh. File photo



Tribune News Service

New Delhi, April 9

Stating that “alarm bells” are ringing in the Indian economy, the Congress on Tuesday claimed that stagnant wages and high inflation are pushing households into debt by forcing people to take loans for meeting their daily expenses.

Congress general secretary Jairam Ramesh also stressed that the Congress’ ‘Nyay Patra’ (manifesto) is a direct response to the “failures” of the government.

He said the latest report from a leading financial services company shows the devastating impact that Modi’s policies have had on Indian households.

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