He claimed that while the government continues to rely on data manipulation and expert narratives, the truth about the economic crisis is becoming increasingly visible. “The RBI’s latest report has painted a grim picture of India’s economic reality,” he added.Ramesh further stated that over 55% of the loans taken are for short-term consumer expenses like credit cards and gadgets, signaling that citizens are turning to borrowing just to sustain themselves in the face of rising inflation.He also pointed out that unsecured loans have now crossed 25% of total lending, raising concerns about financial stability.Ramesh said the rise in India’s external debt as another red flag. “By March 2025, India’s external debt stood at $736.3 billion—10% higher than the previous year,” he said.“The youth are unemployed, farmers are dying by suicide, inflation is crushing households, and democratic institutions are being weakened. Meanwhile, the debt on the common citizen keeps mounting, while Modi ji’s close business allies continue to profit,” he alleged.“If all government projects are now done through public-private partnerships, why is national debt still rising?” Ramesh questioned.“Why does every citizen of this country now carry a debt burden of ₹4.8 lakh?” he asked.
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