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Four senior members of Modi’s Bharatiya Janata Party (BJP) have hit out at the government, emboldening the country’s weak opposition and challenging the previously unstoppable leader to find quick fixes before the 2019 national polls and a raft of state votes. And as criticism of the Modi’s economic management intensifies, the usually loud voices of his supporters are falling silent.
India lost its “fastest-growing major economy” tag as growth slipped below 6 per cent in the latest quarter. The moderation was partly the result of Modi’s boldest moves — demonetization, as well as the chaotic introduction of the goods and services tax that continues to disrupt supply chains. As talk of a stimulus to boost growth sparked concerns of fiscal slippage, foreign investors went on selling spree and rupee started falling.
PM Narendra Modi faces criticism as India loses ‘fastest-growing major economy’ tag | The Indian Express
India lost its “fastest-growing major economy” tag as growth slipped below 6 per cent in the latest quarter. The moderation was partly the result of Modi’s boldest moves — demonetization, as well as the chaotic introduction of the goods and services tax that continues to disrupt supply chains. As talk of a stimulus to boost growth sparked concerns of fiscal slippage, foreign investors went on selling spree and rupee started falling.
PM Narendra Modi faces criticism as India loses ‘fastest-growing major economy’ tag | The Indian Express
