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Sunday, December 22, 2024 | 04:52 PM ISTEN Hindi

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Modi govt's doctrine of governance behind economic slowdown: Manmohan Singh

India's large economy can not be directed at will or managed by managing colourful headlines, wrote the former PM

Former PM Manmohan Singh will release the study on Monday
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Former PM Manmohan Singh

BS Web team
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

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