Last Updated on March 31, 2026 11:52 am by INDIAN AWAAZ
Staff Reporter / New Delhi
Leader of Opposition and Congress MP Rahul Gandhi on Monday sounded alarm over what he described as a deepening economic crisis in the country, blaming Prime Minister Narendra Modi for “surrendering India’s future.”
Taking to X, Gandhi, who serves as the Leader of Opposition in the Lok Sabha, highlighted a range of economic concerns, including a weakening rupee, falling stock markets, declining incomes, job losses and rising hardship among citizens.
“The rupee has fallen from ₹95 to ₹100, stocks are crashing, jobs are gone, incomes are falling, and people’s savings have been wiped out. Even cooking gas cylinders are unavailable,” he said in a post.
Gandhi further alleged that the situation stemmed from “compromised leadership,” accusing the Prime Minister of prioritising personal and financial interests over national welfare. “PM Modi is desperate to protect himself and his financial structure, but 140 crore Indians know the truth — he has surrendered India’s future,” he wrote.
His remarks come amid broader concerns over inflation, currency depreciation and market volatility. Economists note that a weakening rupee raises import costs, adding pressure on businesses and consumers, while declining equity markets tend to erode investor confidence.
“Every citizen is feeling the pinch,” Gandhi added, claiming that families are struggling to meet basic expenses even as the government remains focused elsewhere.
He also pointed to shortages of essential commodities, including cooking gas cylinders, as indicators of policy shortcomings. Analysts, however, attribute such disruptions to a combination of global energy price fluctuations, supply chain challenges, and domestic regulatory factors.
The statements have intensified the political debate over economic management, with opposition parties highlighting unemployment, inflation, and currency weakness as key issues, while the government maintains that macroeconomic fundamentals remain stable.