Should PM Modi Be Worried Since India Is No.2 Again?

Nowadays, it’s rare to hear India along with the tag “the world’s fastest growing economy,” and that India is increasingly becoming a destination for investment. But, the latest data on economic growth reveals that the fourth-quarter GDP growth fell to 6.1 percent which is lower than China’s. Well now, India’s not the fastest growing economy in the world. According to the experts at Nirmal Singh Lotus Green , this is because of the PM Modi’s shocking decision to withdraw 86 percent of the country’s currency from circulation. Manmohan Singh, at the time, had also stated that the move might see a slump in the growth by two percentage points or more, and that has come out to be true However, what’s more worrying is that since last spring, the growth percentage has declined every quarter. It’s down from 8.7 per cent to 5.6 per cent according to the latest figures. It looks like the problem is not just with demonetization. One of the biggest problems is that nobody is...