Modi government in panic mode on current economic situation: Congress
The Congress party has accused the Modi government of being in 'panic mode' regarding the Indian economy. The opposition claims the government is considering tax amendments to appease foreign investors due to tepid domestic corporate investment.
Why it matters
The critique underscores the ongoing political debate regarding India's economic health and the government's reliance on foreign capital versus domestic investment.
The Congress on Thursday (June 4, 2026) claimed the Modi government is in "panic mode" and "under siege" from within its ecosystem on the current economic situation, asserting that the real problem is that private corporate investment is very tepid within the country.
The article centers on the opposition's critical narrative of the ruling government's economic management.
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