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Congress targets Modi over sluggish private investment and warns of ED CBI IT raid raj culture
Politics
Published on 5 May 2026
Profits rose, but capital formation stayed stubbornly low
Congress hit out at the Modi government, saying private corporate investment remains sluggish as consumer demand weakens from stagnant real wages and concerns grow about a “raid raj” driven by ED, CBI and IT actions. Chief Economic Adviser V Anantha Nageswaran pointed out that while big firms’ profits have surged post COVID, private capital formation is still disappointing, urging deeper reflection on investment reluctance.
- Congress blames weak consumer demand linked to stagnant real wages
- ED CBI IT “raid raj” cited as a climate discouraging investment
- Large company profits grew post COVID, but investment and capital formation did not
- Cea V Anantha Nageswaran suggests firms must reflect on holding back
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times