Figures don't lie, only PM does: Cong attacks govt on issue of income inequality

The Congress on Monday charged that the gap between the ultrarich and the middle class in the country is widening under the Modi government reported news agency PTICongress general secretary Jairam Ramesh said an analysis of the publicly available data on income tax returns for the period 201314 to 202122 confirms one of the essential themes of the Bharat Jodo Yatra that of increasing income inequalityThe widening gap between the ultrarich and the middle class under the Modi government is more and more apparent he said in a post on XAn analysis of the publicly available data on income tax returns for the period 201314 to 202122 confirms one of the essential themes of the Bharat Jodo Yatramdashthat of increasing income inequalities The widening gap between the ultrarich and the middle class under the Modihellip pictwittercomAnHS4Lqyulmdash Jairam Ramesh Jairam_Ramesh October 23 2023Heres the proof The top 1 percent of income tax payers made 17 percent of all income in 201314 By 202122 the top 1 percent made 23 percent of all income Further the income growth of the ultrarich was much faster than for the middle class The top 1 percent of income tax payers saw their income grow at 13 percent yearonyear from 201314 to 202122 a massive 60 percent faster than the income of the lowest 25 percent of tax payers the Congress leader claimedRamesh said after adjusting for inflation the lowest 25 percent taxpayers actually took home less real income in 2022 than in 2019Gross income of the lowest 25 percent fell by 11 percent from Rs 38 lakh crore in FY19 to Rs 34 lakh crore in FY22 Meanwhile the real income of the top 1 percent jumped 30 percent from Rs 79 lakh crore in FY19 to Rs 102 lakh crore in FY22 Figures dont lie Only the Prime Minister does he allegedThe Congress has been alleging that income disparity between the rich and the poor has been growing in the last few yearsEarlier 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 PTIIn 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 Modimade inflation is coming every dayDuring 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 claimedThe 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 saidThe Congress has been attacking the government over its handling of the economy and raising concerns over increasing unemployment and price riseWith inputs from PTI