New Delhi, Dec. 24 -- Senior Congress leader Jairam Ramesh on Wednesday launched a scathing attack on the PM Modi government, linking a sharp decline in Foreign Direct Investment (FDI) to what he termed the "sluggishness in consumer demand" and the dismantling of India's "rural safety net".
In a sharply worded statement, Ramesh described the current administration as an "ostrich government" that remains in denial about structural weaknesses in the Indian economy.
Reacting to the latest quarterly investment figures- which show a concerning trend in net FDI inflows Ramesh argued that the lack of international interest is a direct result of domestic policy failures. He stated that the "original sin" of the current economic model is the susta...