The BJP stalwart also tore into the economic policies of the Congress-led government at the Centre and took digs at Prime Minister Manmohan Singh.
"There is a debate going on about early elections. Somebody asked me about it to which I said 'how can this government, which has not taken any decision in the last nine years, will decide about early polls'," Modi said, addressing a business award function here.
"Every nation sees good and bad times, we have our highs and laws but leadership of his country seems to have lost confidence (of people)," Modi said.
Speaking about the falling rate of Indian currency, he said "Rupee is depreciating sharply...I wonder if there is a competition going on between the Delhi-based (UPA) government and the Rupee on who is losing esteem faster."
"When the country gained independence one rupee was equal to a dollar, when Atalji's government came to power rupee was at 42 when he left it was at 44 and during the regime of an economist-PM it has now reached 60," the BJP's campaign committee chief said.