Former Prime Minister Manmohan Singh has said India's economic slowdown is the result of 'profound fear and distrust' among people who act as agents of economic growth. The tearing of our social fabric of trust is the fountainhead of our current economic malaise, he said.
Singh, who was the Prime Minister of India between 2004-14, has blamed the Modi government for "rupturing" the country's social fabric through "mala fide unless proven otherwise" doctrine of governance.
Citing that nominal GDP growth is at a 15-year low, unemployment is at a 45-year high, household consumption is at a four-decade low, and bad