"Trouble is yet to come." Why did Modi's economic stimulus medicine pass?

Because India's previous monetary policy to stimulate economic development did not conform to market rules. Under the leadership of Modi, Modi did not control and correct this deformity, but made it more indulgent. All these have caused the Indian economy to enter a very depressed and embarrassing state after developing to a certain extent.

Everyone knows that India has made remarkable achievements in economic development in recent years, and the speed of development can be said to be jaw-dropping. However, we must also understand the truth that pulling out the seedlings encourages the growth, and so does the Indian economy. In order to pursue rapid economic development, India has formulated a monetary policy and policy interest rate that are completely out of line with its national conditions. After the implementation of this policy, India has indeed achieved rapid development, which is unbelievable to all countries in the world.

It is also because India's fierce drugs have seriously deformed India's market economy, and the people have suffered tremendous pressure in the later period. However, Modi still adhered to this policy, which led to the failure of the Indian market to return to normal. Although the policy interest rate was lowered several times later, Indian nationals were still unable to use their consumption power in the market to promote market development. Moreover, all countries are observing the current economic situation in India, and they all think that India's economy is already facing an abyss.

Therefore, under the leadership of Modi, the policy of stimulating the development of India's market economy has lost its original role. Although India has made very dazzling economic achievements in the early stage, it actually treats the symptoms rather than the root cause, and India's economy has not really developed. In the later stage, even these superficial data can't be realized, and the whole world knows that India will face great trouble in the future.