Aam Aadmi Party (AAP) Member of Parliament Malvinder Singh Kang voiced strong criticism against the Union Government during his address on the Finance Bill 2026 in the Lok Sabha. Kang highlighted a significant disparity between the government’s claims of economic progress and the actual state of the country’s economy. He pointed out that despite assertions of economic strength and reforms, the ground reality presents a concerning picture.
Kang emphasized that over the past decade, the country has experienced high levels of inflation, with the Indian Rupee significantly weakening against the US dollar, surpassing 90. He also noted the sharp rise in fuel prices, contrary to earlier promises of affordability. The failure to fulfill commitments such as doubling farmers’ income was underscored, with input costs escalating and exacerbating farmers’ financial burdens.
Drawing attention to the widening gap between macroeconomic indicators and individual well-being, Kang highlighted the increasing poverty levels and growing income inequality in the country. He raised concerns about corporate favoritism, citing the substantial write-off of loans for big corporates as non-performing assets, while farmers struggle to secure minimum support prices.
Kang criticized the Agniveer scheme, labeling it detrimental to the aspirations of the youth, particularly impacting those aspiring to serve in the armed forces. He expressed apprehension regarding the India-US trade discussions and their potential adverse effects on Indian farmers, particularly in sectors like dairy, apple farming, and maize production. Additionally, he highlighted the untapped potential of cross-border trade routes, emphasizing the need to open avenues that could significantly benefit farmers across several states.
