The Congress on Thursday said that the lack of momentum in private corporate investment is the most serious challenge facing the country, and that the growing concentration of economic power is affecting investment growth.

 

Party General Secretary Jairam Ramesh also alleged that “politically patronized” private investment is now crowding out broader private investment.

 

Jairam Ramesh shared a news report on X stating that one-third of India’s total private capital expenditure in the financial year ending March 31, 2026, came from the Adani Group alone.

 

He said, “The lack of momentum in private corporate investment is India’s most serious challenge. There are several reasons behind this, including stagnation in real wages, which is affecting consumption growth across all income groups. In addition, the high inflation rate has led to a sharp decline in the household savings rate.”

 

According to the Congress leader, one reason for the slowdown in private corporate investment is also the atmosphere of fear and pressure created by the “raid raj” of enforcement agencies, tax authorities, and investigative agencies.

He alleged that the lack of consistency and transparency in key investment-related policies, along with the continuous rise in Chinese imports—which has harmed the domestic market for manufactured goods—are also responsible for this situation.