Evaluating Modi's Economic Vision: Has India Achieved Growth or Missed Opportunities?
It’s nearly been a decade since Narendra Modi assumed office in the Indian administration and sought a third term in the 2024 general election. The party came to power in 2014 with a majority of votes in the election polls. In 2016, India became the fastest-growing economy, leaving behind China. Until 2016, India's GDP rate growth has been steady, achieving more than 7% for every quarter. Since mid-2016, economic growth started to decline, and in 2019, India’s economic growth fell to 4.5 percent. After the government introduced certain policies such as demonetization of 500 and 1000 and goods and services tax, COVID lockdown, which severely impacted its economic growth,. There is a continuous debate about economic growth under the Modi administration. Even senior party figures like economist and former minister Arun Shourie have criticized the government, labeling falsehood as a defining trait. This raises significant doubts about the economic performance under Modi's administr...