NEW DELHI: Congress president Mallikarjun Kharge on Friday accused the Narendra Modi government of promoting monopolies and duopolies across sectors of the economy, alleging that its economic policies favoured select capitalist groups and benefited the BJP.
In a post on X, Kharge alleged that the objective of the government’s economic policy was to hand over control of the economy to its favoured capitalists in return for maintaining the BJP’s share in the profits.
“The objective of Modi ji’s economic policy is to hand over control of the economy to his favoured capitalist cronies. So that, in return, the BJP maintains its share in the profits. By ending Competition and imposing Monopoly and Duopoly, they have only worked to fill the BJP’s coffers and have ruined the foundation of economic liberalisation,” he said.
Citing the telecom sector, Kharge claimed that there were 13 players before 2014, while only three major private players remain today.
He also referred to the domestic aviation sector, claiming that the number of major players had fallen from seven before 2014 to two.
“Whether it’s Digital Payments, Cement, or Food Delivery Apps, the government’s priority everywhere has been to eliminate competition,” Kharge said.
Claiming that the Congress was responsible for economic liberalisation, he accused the BJP of pursuing what he termed “economic terrorism” for its own profits.
He further alleged that the government’s policies had hurt micro, small and medium enterprises (MSMEs) and other small and medium industries, while contributing to severe unemployment among the country’s youth.
“The BJP only implements economic terrorism (Economic Terrorism) for its own profits, as a result of which MSMEs and other small and medium industries have been completely locked down, and our youth are enduring the curse of severe unemployment,” Kharge added.
