Former Punjab finance minister Manpreet Singh Badal on Sunday said the first half of the Narendra Modi government’s five-year tenure at the Centre only witnessed drum beating and chest-thumping.
Manpreet said the Bharatiya Janata Party (BJP) government had failed to fulfil the promises made to the people of this country before the 2014 general elections. “The achievement of Modi is that he had made ‘jumla’ a household term, and the fact is that the nation is suffering,” he said in a statement.
He said demonetisation sucked cash like a vacuum cleaner and people are still bearing its brunt as businesses are hit and rural wages and agricultural incomes are down.
Citing a survey, Manpreet said India’s economy slowed sharply to a near three-year low in the final three months of 2016. The gross domestic product (GDP) growth slowed to 6.4% annually in the October-December quarter and economists have predicted a negative impact of the currency ban, he adds.