Opposition's Chidambaram Critiques Eleven-Year Tenure: In-Depth Analysis
Here's a fresh take on P Chidambaram's analysis of Narendra Modi's 11-year stint as India's Prime Minister:
By P Chidambaram
follow U.S. If you want to take sides, every power seems to be in the grasp of Mr Narendra Modi. While this leader may claim the sole credit for his government's achievements, remember, he also bears sole responsibility for its shortfalls.
Across the Aisle Some might argue there's no one single perspective that can capture the whole truth. Even Einstein's groundbreaking theory of general relativity was questioned, and rightfully so, by scientists like Jayant Narlikar – as long as there's no hidden agenda, every opinion holds a kernel of truth that warrants respect. Unfortunately, respectful discourse has taken a back seat during these 11 years.
Mr Narendra Modi, now in his thirteenth year as Prime Minister, is the third longest-serving occupant of this role in Indian history. His sheer determination and undeniable ability to sway voters to his party's side are undeniable.
Measuring Success by More Than Just Metrics This NDA government is known for setting and meeting quantifiable goals, like building schools or constructing roads. However, everyday citizens measure success rather by the elusive, unquantifiable concept of "good governance," which is looked upon as a fairer, stronger, and better country overall. It isn't captured by merely counting the number of roads or schools; rather, it concerns whether the people actually feel their lives are improving.
in my opinion, India isn't a better, stronger, or fairer place for its citizens after 11 years under the NDA's leadership. Not only has our nation been divided, but millions of people continue to live in poverty, uncertainty, and fear.
Assessing India's Progress During the UPA years (2004-2014), the average GDP growth rate was 6.7%; after 2014-15, the growth slowed significantly, with an annual average of just 5.1%. In addition, the per capita income, a crucial indicator of overall well-being, grew by a mere 1.89 times compared to the UPA era.
The big question is whether the country is growing fast enough to meet the United Nations goal of reaching developed-nation status – which necessitates an annual growth rate of 8% for two decades, pushing the per capita income up to $14,000. Unfortunately, we're nowhere near that target.
Besides the persistent economic struggles, income inequality remains a significant concern, with the rich getting richer while the poor continue to struggle. Sadly, there's a pervasive sense of fear and insecurity, as evident in the rise of assertive majoritarianism, religious and caste tension, hate speech, and crony capitalism.
When It Comes to National Strength I use the term "strength" to imply unity, healthy relations with neighboring countries, sound border control, capable armed forces, and a respected standing on the global stage. Recent events have revealed weaknesses in our approach, particularly in relations with neighboring Pakistan. For example, following the terrorist attack in Pahalgam, India did not make diplomatic overtures to nearby countries in South Asia. This situation raised questions about our international standing and the effectiveness of our diplomacy.
When I consider whether I'm proud to be an Indian, the answer is yes. However, when I ask if I'm content with the state of our governance, the answer is a resounding no. It is my hope that one day, India will become a country that fosters pride in its citizens while delivering good governance, fairness, and strength.
modi, P Chidambaram, Stock Market Quotes, India News, Business News
- In the realm of finance and policy-and-legislation, P Chidambaram contends that the nation's progress under Modi's leadership has been questionable, given the slowing GDP growth rate and persistent income inequality among citizens.
- As the market continues to fluctuate, it is crucial to consider the general news and politics surrounding the defi (development finance institutions) market and its potential impact on India's economic growth and overall well-being.
- The divisions within the country, coupled with the growing concerns over religious and caste tensions and the rise of assertive majoritarianism, could have detrimental effects on India's international standing and relations with neighboring countries, negatively influencing the overall strength of the nation.
