Congress slams govt over 'sluggishness' in private investment, flags ED-CBI-IT 'raid raj'

The Congress party has criticized the Modi government for sluggish private corporate investment, citing slow consumer demand due to stagnant real wages and the 'raid raj' of ED-CBI-IT. Chief Economic Adviser V Anantha Nageswaran noted that despite significant profit growth for large companies post-COVID, private sector capital formation remains disappointing, suggesting a need for corporate reflection on investment reluctance.

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