Narendra Modi miserably failed to revive the economy of India. His corrupt & biased politics pretending as a religious leader rather than what India needed from him led to India’s downfall. And his mismanagement of COVID-19 at present brought setbacks to the economy more. Online channels like National Herald India also played key roles to bring the true picture. Indian economy situation since Narendra Modi took power as PM is only worsening more and more.
The celebrations of BJP leaders in 2014 and 2019 were cruel as they did so selfishly. There are serious concerns for India as the master of the economy over the irreversible losses taken place. The Indian economy situation worsened more with the wrong policies and decisions of the BJP govt. Narendra Modi is eventually a misfit as PM of India.
The Indian economy situation took off worst slump since 4 decades. The International Monetary Fund (IMF) estimated that India’s Gross Domestic Product (GDP) will be worst in 2021.
Apple Inc. and Alphabet Inc.’s Google disclosed that India suffered a lot in recent weeks after May, 2020. Asia’s third fastest growing economy also suffered a nationwide lock-down to control the COVID-19 at the wrong time. Wrong decisions taken at right times or vice versa.
Tax collection was moderated and inter-state movement of goods traffic via road and rail has shown nothing good.
Unemployment also rising continuously under the leadership of Narendra Modi since 2014. India’s weak efforts to fight the virus outbreak was also condemned. India is adding more than 50,000 COVID-19 cases daily. This will further hamper the Indian economy situation from 2021.
PM Narendra Modi did unplanned lock-downs, which acted as a constraint on maintenance of India’s economic growth.
The economic recovery will remain unstable with rising infection rates. Indian economy situation would likely to hit deeper and deeper. This would increase joblessness and salary cuts in the near future. Most of the businesses had shutdown due to GST and demonetization and also during the pandemic COVID-19. This also hit Indian economy as right decisions at right times should be taken from now on.
