Congress slams Modi govt for 'promoting monopolies,' pledges fair competition

The Indian National Congress has launched a fresh attack on the Modi government, alleging that its policies favour monopolistic practices and entrench crony capitalism at the expense of fair competition. Party leader Rahul Gandhi reiterated calls for structural reforms to create equitable business conditions across sectors, arguing that every enterprise—regardless of size or ownership—deserves equal opportunity to compete and grow.

Gandhi's critique reflects broader concerns within the opposition about market concentration and the role of government in business allocation. The Congress leader has previously highlighted cases where dominant firms have allegedly received preferential treatment through policy decisions, regulatory favours, and public procurement practices.

The party has positioned itself as an advocate for small and medium enterprises, arguing that current policies inadvertently disadvantage them compared to large corporations with established political connections. Congress representatives have suggested that dismantling what they describe as "crony capitalist" structures would unlock economic potential and distribute wealth more equitably across India's business landscape.

The government has previously rejected such allegations, contending that its policies prioritise economic growth and job creation, with private sector competition driving innovation and efficiency. The debate underscores persistent differences between the ruling coalition and opposition parties over the optimal balance between free-market principles and state intervention in India's economy.