New Delhi, India | March 21, 2026Ā
India is staring at a fresh wave of inflation as the rupee weakens sharply against the US dollar, nearing the 100-mark, alongside a steep rise in industrial fuel prices. Congress leader Rahul Gandhi has strongly criticized the government, warning that these developments are early signs of a deepening economic strain on common citizens.
In a sharp statement, Rahul Gandhi said the situation is not ānormalā as being portrayed, but a clear indicator of rising costs across sectors. He pointed out that increasing fuel prices and currency depreciation will push up production and transportation costs, directly impacting businesses and consumers alike.
He further warned that Micro, Small, and Medium Enterprises (MSMEs) would bear the brunt of the crisis, as higher input costs could hurt their survival and growth. Daily essentials are also expected to become more expensive, tightening household budgets across the country.
Highlighting financial market concerns, he noted that Foreign Institutional Investors (FIIs) may accelerate capital outflows, putting additional pressure on the stock market and weakening investor confidence.
Rahul Gandhi also cautioned that fuel prices such as petrol, diesel, and LPG could see further hikes after elections, intensifying the burden on the public.
Taking a direct swipe at the government, he alleged a lack of clear direction and strategy, accusing it of relying on statements rather than concrete action. He emphasized that the real issue is not what the government claims, but the growing financial strain being felt by ordinary citizens.
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