New Delhi, Jan. 30 -- Noting that India's GDP growth for 2024-25 is expected to be 6.4 per cent as per government data, the Congress on Thursday said that the Modi government is taking India into the "middle-income trap, which will make us uncompetitive, underproductive, and unequal".

Former Finance Minister P Chidambaram, who released report 'Real State of the Economy 2025: What happened to growth?' at a press conference here, said there is huge inequality, the gap between the rich and the poor is growing, and government has done nothing to address this inequality.

"The economy is in a slowdown, that cannot be denied at all. The second important factor is- there are no jobs, youth employment is perhaps close to 40 per cent. Among gradu...