NEW DELHI: Seizing upon PM Narendra Modi‘s remark that he is “human, not God”, Congress said the BJP mascot is trying to control the damage as he had barely eight months back proclaimed his “non-biological status”. The opposition party went on to poke fun at the PM by saying his stewardship as “human” has taken the country’s economy into a slowdown and serious risk, with ‘lack of trust’ among foreign investors.
Congress spokesperson Jairam Ramesh said, “While the non-biological PM is rediscovering that he is a human after all, foreign investors in our stock markets have ushered in 2025 by taking out $2 billion just in the past six days.”
Ramesh said the outflow of foreign money from stock markets shows the growing impact of weak macro fundamentals like stagnant wages, faltering private investment, and slowdown in consumption growth.
Ramesh added that the outflows also reflect “lack of investor confidence” in India’s financial markets after disclosures about SEBI chairperson’s conflict of interests. Congress said India has declined as a destination for foreign investment compared to other countries, including Vietnam and Malaysia. He said the continuous fall in rupee value against the dollar is increasing currency risk.
