Inflation and Unemployment Rates in India
Union Minister Jyotiraditya Scindia responded to Congress MP Priyanka Gandhi's statement on inflation, highlighting the significant decrease in inflation and unemployment rates under Prime Minister Narendra Modi's leadership.
Scindia pointed out that the inflation rate has fallen from 8-9% in 2014 to 4.5-5% currently. He also mentioned the reduction in unemployment rates from 10% during the Congress tenure to 3% today.
Economic Progress and Investments
Scindia emphasized the improvement in India's economic progress under PM Modi's leadership, with the country moving from 11th to 5th position globally. He expressed confidence that by 2027, India will surpass Germany and Japan to become the third-largest economy in the world.
He also highlighted the significant investments made by the Prime Minister in Madhya Pradesh, including the Ken-Betwa Link Project and the Chambal, Kali Sindh, Parvati irrigation project, both worth Rs 45,000 crore. These projects are expected to benefit 8-10 districts in the state.
Global Investors Summit
Scindia spoke about the upcoming Global Investors Summit to be held in Madhya Pradesh, stating that it will provide numerous opportunities for potential collaborations. He believes that the Prime Minister's presence at the summit will bring new energy to the state.
Congress MP Priyanka Gandhi's Response
Wayanad MP Priyanka Gandhi criticized Union Finance Minister Nirmala Sitharaman's statement in Parliament, claiming that she is "living on a different planet" for denying the rise in unemployment and prices.
Gandhi's remarks came after Sitharaman's speech in the Rajya Sabha, where she highlighted the budget's focus on transforming India into a "Viksit Bharat" by 2047.
Reduction in GST Rates
Sitharaman mentioned that indirect tax under the Goods and Services Tax (GST) has significantly reduced since its implementation. She stated that the average tax under the previous indirect tax regime was 15.8%, while under GST it has now come down to 11.3%.
11 Comments
Matzomaster
“Finally, some hard numbers that show how far we’ve come! A drop in inflation and unemployment is real progress.”
Rotfront
“Inflation and unemployment numbers can be manipulated. Independent studies often paint a bleaker picture than the ones quoted here.”
Karamba
“Every political leader will cite improvements during their tenure—but these numbers are selective and don’t reflect the entire economic picture.”
Rotfront
“Seeing unemployment drop from 10% to 3% makes me proud and confident that our leadership is steering the right course.”
Karamba
“There’s no better endorsement than solid statistics. It feels good to know that our economy is truly on an upward trajectory.”
KittyKat
“The focus on marquee projects and global summits overshadows the urgent need for grassroot economic reforms in neglected regions.”
Noir Black
“Reduced GST and lower inflation make everyday life easier for so many Indians. These reforms truly matter!”
Loubianka
“Seeing our nation move up in global rankings while creating more opportunities at home reaffirms my support for these transformative policies.”
Eugene Alta
“It’s inspiring to see real change in our economic indicators. These numbers are proof of a more robust and resilient India.”
Katchuka
“While the press releases boast lower taxes and better stats, on-the-ground realities for small businesses and common people remain unchanged.”
Donatello
“These figures feel cherry-picked—what about the struggles of rural and underprivileged communities that aren’t showing up in these stats?”