He claimed that people were also feeling unsafe due to the activism of "communal forces" in the name of "gau raksha", "ghar vapsi" and love jihad over the last three years.
"On the occasion of festive season, especially Diwali, it is for the first time in independent India people are completely depressed, and feeling unsecured and alienated. It is a reflection on the economic situation of the country which has been adversely affected after demonetisation and later GST," he said in a statement.
While farmers were crying for remunerative prices for their produce, consumers were also facing the bite of price rise in the country, Yadav said.
The Modi government, he said, was not passing on benefits of a fall in global fertilizer prices to farmers. For consumers, the prices of most services have gone up as they are now taxed at 18 per cent from the earlier 15 per cent.
According to him, the government should not be too concerned with fiscal deficit.
"Heavens will not fall if the fiscal deficit increases, but at least our people should feel comfortable in their own country," he said, asking the government to take measures to help people.