My Take On The State Of Indian Economy Under Modi’s India

The BJP under the leadership of Modi came to power in 2014.||Credits: India.com India’s ranking in the Corruption Perceptions Index (CPI-2019) has slipped from 78 to 80 compared to the previous year, said Transparency International, while questioning the “unfair and opaque political financing” in the country. According to the National Crime Records Bureau (NCRB), the number of missing women and children is rising. The number of missing children too has risen but less dramatically — 63,407 in 2016 to 67,134 in 2018. India cuts its budget for education and healthcare, two important factors for healthy (nourished) and skilled labour force. And among 40% who are considered literate, they have only studied till 4th standard. According to a UN report , India ranked 77th on a sustainability index that takes into account per capita carbon emissions, and 131st on a flourishing ranking that measures the best chance at survival and well-being of children. The aggregate investment went down to 30% of GDP, lower than 15 years average of 35%. India slipped 10 places to 51st position in the democracy index. International Monetary Fund (IMF) Chief Economist Gita Gopinath said last month that India was primarily responsible for the downgrade revision in growth projections for emerging markets and developing economies. So, all the talks of Indian economy slowing down due to world economies slowing down or the US-China trade wars, weren’t the reasons.