23 October,2023 03:16 PM IST | New Delhi | mid-day online correspondent
Congress general secretary Jairam Ramesh. Pic/PTI
The Congress on Monday charged that the gap between the ultra-rich and the middle class in the country is widening under the Modi government, reported news agency PTI.
Congress general secretary Jairam Ramesh said an analysis of the publicly available data on income tax returns for the period 2013-14 to 2021-22 confirms one of the essential themes of the Bharat Jodo Yatra that of increasing income inequality.
"The widening gap between the ultra-rich and the middle class under the Modi government is more and more apparent," he said in a post on X.
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"Here's the proof: The top 1 percent of income tax payers made 17 percent of all income in 2013-14. By 2021-22, the top 1 percent made 23 percent of all income. "Further, the income growth of the ultra-rich was much faster than for the middle class. The top 1 percent of income tax payers saw their income grow at 13 percent year-on-year from 2013-14 to 2021-22, a massive 60 percent faster than the income of the lowest 25 percent of tax payers," the Congress leader claimed.
Ramesh said after adjusting for inflation, the lowest 25 percent tax-payers actually took home less real income in 2022 than in 2019.
"Gross income of the lowest 25 percent fell by 11 percent, from Rs 3.8 lakh crore in FY19 to Rs 3.4 lakh crore in FY22. Meanwhile, the real income of the top 1 percent jumped 30 percent from Rs 7.9 lakh crore in FY19 to Rs 10.2 lakh crore in FY22. Figures don't lie. Only the Prime Minister does," he alleged.
The Congress has been alleging that income disparity between the rich and the poor has been growing in the last few years.
Earlier, the Congress slammed the Centre over "skyrocketing prices" of commodities most needed during the festive season and alleged that Prime Minister Narendra Modi had "completely failed" in controlling inflation, reported news agency PTI.
In a post in Hindi on X, Jairam Ramesh shared a media report on rising price of wheat and said that despite playing with statistics, the "news of Modi-made inflation" is coming every day.
"During the festive season, the prices of commodities which are needed the most are skyrocketing. There is also a possibility of further increase in prices," he claimed.
"The prime minister has completely failed in controlling inflation during his tenure. People are now going to send him in retirement. Only then will the people of the country get relief from inflation," Ramesh said.
The Congress has been attacking the government over its handling of the economy and raising concerns over "increasing" unemployment and price rise.
(With inputs from PTI)
