Akhilesh Yadav on Market Decline: Impact on Middle-Class Investors

Lucknow: Samajwadi Party chief Akhilesh Yadav on Tuesday launched a strong attack on the BJP-led central government, blaming it for the continuous decline in Indian stock markets and alleging that middle-class investors have suffered massive losses.

The Kannauj MP also accused the government of misleading the public while failing to protect domestic investors from market instability.

Akhilesh Yadav’s Criticism of the Government

In a post on X (formerly Twitter), Yadav wrote:

“The ongoing decline in the Indian stock markets has devoured the investments of the middle class. The ‘double-engine’ governments, which are in a race to invite investors from across the world, should first ensure the safety of their own investors before hosting ‘deceptive events’ to reassure others.”

He pointed out that Nifty’s poor performance over the past few months has led to India being ranked the third weakest emerging market after Thailand and the Philippines this year.

Further criticizing the economic situation, Yadav added:

“On one hand, 80 crore people are forced to survive on government ration, and on the other, those who invested their savings in stocks have been left bankrupt. Even in such dire conditions, the BJP government continues to mislead and manipulate people with false claims. This economic fraud must stop.”

Concluding his statement with a direct attack on the ruling party, he said:

“Investors are saying today: No more BJP!”

Stock Market Performance & Investor Concerns

Yadav’s remarks come at a time when concerns over fluctuations in the Indian stock market are growing.

On Monday (Feb 24, 2025), the Sensex plunged 1.14% (856.65 points) to 74,454.41, while Nifty fell 1.06% (242.55 points) to 22,553.35.
On Tuesday (Feb 25, 2025), the benchmark indices rebounded slightly, driven by value buying at lower levels after a five-session losing streak.

With market volatility and investor losses becoming a political issue, Yadav’s remarks highlight the growing discontent among opposition leaders regarding the government’s handling of the economy.