Congress slams BJP for ‘wrecking’ economy, claims foreign investors withdrew ₹4.03 lakh crore in 2026
The Congress party has criticized the BJP government for the recent withdrawal of over ₹4 lakh crore by foreign institutional investors from Indian markets. They argue that failed economic policies and crony capitalism are driving away investors and harming retail participants.
Why it matters
Large-scale capital flight from emerging markets can significantly impact currency stability and domestic economic growth.
The Congress on Monday (October 5, 2026) blamed the economic policies of the Narendra Modi government for foreign institutional investors (FIIs) pulling out of the Indian markets.
Addressing a press conference, senior Congress leader Shaktisinh Gohil claimed that FIIs had withdrawn ₹4.03 lakh crore from Indian markets between January and September this year, and accused the BJP -led government of “wrecking” the economy.
“With foreign investors offloading around ₹29,000 crore in the three trading sessions of September 29, 30 and October 1, this is a major concern,” Mr. Gohil said.
He said foreign portfolio ownership in National Stock Exchange-listed companies had declined to about 15.8%, a 17-year low, and alleged that it was a result of the government’s “failed” economic policies and its emphasis on “crony capitalism”.
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