On Monday, Former Prime Minister Manmohan Singh launched a scathing attack on the Narendra Modi government for its failed policies and economic mismanagement. He mentioned the country was facing crises that were avoidable.
Dr. Singh noted that economic policy had a fundamental impact on the lives of people. It was imperative that those tasked with decision-making paid careful attention to policies and programmes and not act on mere whims and fancies.
Dr. Singh attacked the government over a series of banking frauds, saying the money swindled almost quadrupled from ? 28,416 crores in September 2013 to ? 1.11 lakh crore in September 2017.
“Perpetrators of these frauds meanwhile escape with impunity. The economic mismanagement of the Modi government and I say this with great care and responsibility, is slowly eroding the trust of the general public in the banking sector,” he said.
“Our nation today is experiencing difficult times. Our farmers are facing an acute crisis, our inspirational youth are not finding opportunities, and the economy is growing below its potential,” Dr. Singh told reporters in Bengaluru.
He said the “unfortunate truth” was that each of these crises was “entirely avoidable”.
“It pains me to see how rather than standing up to all these challenges, the government’s response has been to stifle dissent when deficiencies are pointed out,” he said.
“India is a complex and diverse country and no one person can be the repository of all wisdom,” he said in an apparent dig at Mr. Modi.
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Every time an answer was sought for any of the “disastrous policies” of the BJP government, “all we hear is that the intentions are virtuous”.
Dr. Singh said the intentions of the Modi government, which it claimed were good, had resulted in “massive” losses for the country. “Its lack of reasoning and analysis is costing India and our collective future.”
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