Data of last 4 yrs tells story of a crying India

Thank God, we have the Opposition in the Upper House, otherwise ‘ transformative changes’ would have ruined the Indian economy completely. In his four years Mr Modi had been hugely disruptive...

The ruling BJP has been playing on the argument of not having a majority in the Rajya Sabha so that it can expedite several of its policy plans in past four years. Though the fact remains that the Opposition never tried to create any hurdle in clearing the propoor steps in both Houses of Parliament, the BJP leaves no opportunity to create a perception that the welfare story would have been different had it been in a majority in the Upper House. After the polls for 58 Rajya Sabha seats on March 23, the BJP- led NDA may increase its strength but could still fall short of a majority and there are practically no chances of the BJP getting a majority in the Rajya Sabha before the general elections for Lok Sabha in May 2019.

The major failures in the last four years are in the economic area. The key economic data released by the Narendra Modi government tell us the story of a crying India. Even after “refining” the methodology for calculating GDP and Index of Industrial Production, Mr Modi ended up proving that last two years of Congress- led government were better and his three years have been much worse.

It was only three months after Mr Modi took over as Prime Minister that FM Arun Jaitley proclaimed that the economy had bottomed out and was on a rising trajectory. Three years later, GDP growth is even lower than the worst year of UPA in 2013- 14. Mr Modi left no stone unturned to heavily exploit this fact during his electioneering in 2014 and promised sunny days. Additional job creation in the organised sector under Mr Modi has been less than half of what was there in the last three years of the UPA government. BJP president Amit Shah had rudely snubbed the media when he was asked about the employment data released by the labour ministry, saying: “it is impossible to provide jobs for 125 crore people…”

After promising for two crore jobs every year, now Mr Modi wants that most of our youth in job market must fend for themselves by selling pakodas. The employment data of the past three- four years suggests that nearly 50 per cent of incremental jobs have come from the ranks of self- employed. The unorganised sector constitutes about 85 per cent of the total workforce of 48 crores and we can easily imagine the quality of selfemployment. When did the Opposition block any move by the Modi government in any of the Houses to improve the employment scenario?

How can the Modi government put the blame of worsening situation in agriculture sector in past three years on the BJP not having a majority in the Rajya Sabha? In the last three years of the UPA, agricultural growth was 3.5 per cent. In past three years of Modi rule it is 1.5 per cent. We saw our PM making promise every morning of ensuring 50 per cent profits over costs to all farmers. When he failed to do it, he shifted his goalpost and began announcing that farmers’ income would be doubled by year 2022. But we need at least 12 per cent growth in their income every year. Now, Mr Modi’s own Niti Aayog is saying that even this will be difficult to achieve. When did Mr Modi make any efforts in the direction of achieving this goal and the Opposition stalled his plans?

Thank God, we have the Opposition in the Upper House, otherwise “transformative changes” would have ruined the Indian economy completely. In his four years Mr Modi had been hugely disruptive in economic, political and social areas. Those who feel that the performance of the BJP- led NDA government will improve if it has a majority in the Rajya Sabha must visualise what would have happened if Mr Modi had an absolute majority in both Houses during the days of demonetisation and GST?

The writer is editor and CEO of News Views India