Opposition leader Rahul Gandhi on Saturday expressed concern about the country’s economy and warned that India could be heading towards a new wave of inflation. He cited the increasing tension between America, Israel and Iran, weakening rupee and rising fuel prices as the main reasons behind this.
What did Rahul Gandhi say?
Rahul Gandhi wrote on social media platform His statement has come at a time when the rupee recently reached a historic low of 93.53 against the dollar. The main reasons for this decline are believed to be the rising prices of crude oil and increasing uncertainty among global investors.
He said that this will directly impact the general public. According to him, the cost of production and transportation will increase, due to which everyday items will become expensive. Especially small and medium industries will be hit the hardest. Apart from this, there was also a fear of rapid withdrawal of money from foreign investors, which could create additional pressure on the stock market.
Rahul Gandhi also indicated that the prices of petrol, diesel and LPG may increase in the coming times, especially after the elections. Referring to the assembly elections to be held in West Bengal, Assam, Kerala, Tamil Nadu and Puducherry, he said that at present the prices can be kept under control, but this situation will not last long.
Targeting the central government, he said that the government does not have any concrete strategy to deal with the current economic challenges. According to him, the government is only giving assurances, while the situation at the ground level remains worrying.
Concern about energy supply
Meanwhile, due to the ongoing tension in West Asia, concerns regarding energy supply have also increased. Problems are being faced at many places regarding the availability of LPG, and there have been reports of long queues in some areas. In Kerala, the situation became so serious that many hotels and restaurants had to be temporarily closed.
However, senior Congress leader Shashi Tharoor attributed the fall of rupee to global reasons. He says that this situation is the result of international pressures and it should not be seen completely linked to the policies of the government.
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