The record
Written from the 1 report below. Nothing here is unsourced.
- Congress general secretary Jairam Ramesh stated that GST rate cuts implemented in September 2025 failed to boost consumption significantly.
- Prices of consumer goods returned to pre-cut levels within a year due to rising inflation.
- Ramesh criticized the government for ignoring structural economic issues despite positive GDP figures.
- The party claims that the lack of buoyant consumption and private investment reflects a flawed growth narrative.
Who said what2
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Jairam Ramesh
2 quotes · 1 outlet
“The GST rate cuts in September 2025 were proclaimed to be game changers. They had, of course, been long overdue — but to boast of them as magic wands was hyperbole. In fact, their impact on boosting consumption has been mixed at best.”
In the article
…general secretary (communications) Jairam Ramesh, sharing a media report on the issue, said the GST rationalisation announced in September 2025 had been “long overdue”, but its impact on consumption had been uneven. “ The GST rate cuts in September 2025 were proclaimed to be game changers. They had, of course, been long overdue — but to boast of them as magic wands was hyperbole. In fact, their impact on boosting consumption has been mixed at best. For instance, automobile sales benefited while apparel sales did not,” Mr. Ramesh said in a post on X. “Now comes evidence that the effect of GST rate cuts on various commodities is being neutralised by ‘galloping…
“Neither is consumption buoyant across income segments nor is private investment booming”
In the article
…elation to the ruling establishment overlooking their imperfections, but there are many faultlines in the India growth story that are simply not being acknowledged by the PM and his brigade of cheerleaders,” he said. “ Neither is consumption buoyant across income segments nor is private investment booming ,” Mr. Ramesh said, adding that real wages were declining. Published - September 21, 2026 09:50 pm IST…
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All filed from India
Named India · Congress · Jairam Ramesh · Narendra Modi
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