Congress targets Modi govt over market fall, FII outflows and middle-class taxes

The Congress party has criticized the central government over recent market declines and foreign institutional investor (FII) outflows. The party highlighted concerns about the tax burden on middle-class investors, particularly regarding capital gains taxation on stock market investments.

Congress leaders argued that the government's tax policies are disproportionately affecting retail and middle-class investors during a period of market weakness. The party blamed policy decisions for contributing to both the market downturn and the flight of foreign capital from Indian equity markets.