Economic potential eroding rapidly while PM Modi generates hype: Congress

The Congress leader pointed out that the report uses Periodic Labour Force Survey data to show that overall real wage growth at the national level has been flat at 0.01% over the last five years. Citing Labour Bureau's Wage Rate Index, he said real wages for the labourers stagnated between 2014-2023 and in fact declined between 2019-2024. Ramesh further cited the Ministry of Agriculture's Agricultural Statistics and said that under former prime minister Manmohan Singh, real wages for agricultural labourers grew at 6.8% each year. "Under Narendra Modi, real wages for agricultural labourers declined by minus 1.3% each year," he said.