While holding the Prime Minister’s Office, Manmohan Singh made a remark on the 2014 Lok Sabha elections that “If by strong prime minister you mean that you preside over the mass massacre of innocent citizens in the streets of Ahmedabad, that is the measure of strength, I do not believe that sort of strength this country needs, least of all in its Prime Minister,”.
He also added at that time that Narendra Modi’s plan of decimating Congress will not materialize ever. Time has witnessed both these statements turning into plain and simple facts over last 5 years where instead of decimating Congress, BJP has decimated the economic infrastructure of the country. It felt as if PM Modi was working to bring the point of Manmohan Singh home.
From 2014 onwards, Indian economy has been on a steep decline with rupee touching the record lowest against dollar since the time of Independence. Demonetization and GST have had a devastating impact on the economy of the country. Speaking about demonetisation of high-value currency notes on November 8, 2016, Mitra said it has hit farmers and unorganised sector of the economy badly since their business mode was cash dependent.
He said even developed countries like Japan and Switzerland have higher cash to GDP ratio than India.
“How much GDP has been lost to India due to demonetization and GST? It is Rs 4.8 lakh crore,” Mitra said. He said that economic growth has slowed down from 2015-16 onwards and to achieve that high level of growth India would need at least four years.
Senior Economists have reiterated how demonetization was a faulty step which devastated the small scale industries and businesses.
While India’s growth is picking up again, there is the issue of oil prices, Raghuram Rajan noted referring to the huge reliance of India on import of oil for its energy needs.
With the oil prices going up, Rajan said things are going to be little tougher for the Indian economy, even though the country is recovering from the headwinds of demonetization and initial hurdles in the implementation of the GST. CPI-M General Secretary Sitaram Yechury, while addressing a convention against communalism here, further alleged that the BJP, “actually run by the RSS”, was now trying to fulfill its vision of creating a “Hindu State” and trying to “unify all Hindu forces on the basis of hatred against Muslims.”
Post the Dadri killing, Bharatiya Janata Party leaders and members of Modi’s own government were clearly trying to stoke the embers of this conflagration for political gain. Shrichand Sharma, the vice-president of the BJP’s western Uttar Pradesh unit, wanted the victim’s family booked for cow slaughter right after Akhlaq had been bludgeoned to death. BJP legislator and Muzaffarnagar riots-accused Sangeet Som had threatened to give a “befitting reply” if “innocents were framed” for Akhlaq’s murder. Modi’s minister of culture, Mahesh Sahrma, absolved the killer mob altogether, declaring their act to be an “accident” and wanted everyone to be grateful that the mob had only killed Akhlaq but not molested his daughter.
Apart from Economics, the secular fabric of the country is also disturbed by PM Modi and BJP to score political brownie points.