PM Narendra Modi faces criticism as India loses ‘fastest-growing major economy’ tag - News Summed Up

PM Narendra Modi faces criticism as India loses ‘fastest-growing major economy’ tag


Prime Minister Narendra Modi (Express Photo/Renuka Puri/File) Prime Minister Narendra Modi (Express Photo/Renuka Puri/File)For the first time in his three-and-a-half year rule, Prime Minister Narendra Modi is facing sustained discontent over his economic policies as growth slows, job losses mount and distressed farmers protest. 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. Subramanian Swamy, a former Harvard lecturer and BJP lawmaker, warned the economy was heading for a “major depression”. “At the moment, Modi is the tallest leader and there does not seem to be any clear cut alternative,” Bose said.


Source: Indian Express October 12, 2017 08:21 UTC


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