Four years of misgovernance: The Modi government has failed on every conceivable metric, from economy to security

If the lessons of the last four years could be distilled into a single sentence it would be this: The Modi government has been undeniably and gravely harmful to our nation???s health. On every conceivable metric, it has failed and every single citizen has had to pay a heavy price for the Modi brand of misgovernance.

Let us start with the economy ??? one of the biggest casualties of Prime Minister Narendra Modi???s tenure. Modi has lumbered on from one ill-advised and poorly thought out decision to another. The senseless execution of demonetisation cost us Rs 3 lakh crore in GDP growth and wiped out over 25 lakh jobs, while a hastily implemented GST penalised entrepreneurship.

The banking system, which was hailed for its resilience in the face of the 2008 global financial crisis, has been a victim of feeble oversight and poor policy planning. The results for the last quarter indicate a net loss of over Rs 44,000 crore, the highest in recorded history for our banks. This is a direct consequence of the numerous economic offenders who have fled with impunity on BJP???s watch with over one lakh crore of public money. The government has done precious little to affix accountability and course correct institutional framework.

Illustration: Uday Deb