Modi 2.0 seems to undo the achievements of lockdown having opened up when the Covid cases are on a rise with almost 8 thousand additions each day. Already there is economic compression with the 4th quarter growth slipping to 3.1 percent. With this Moodys has downgraded India’s ranking. The second term of Modi started with much fanfare marked by great strides in the diplomacy and new steps in bonding relations with the gulf countries. Forging deeper ties with US president Donald Trump with a visit to Howdy Modi in Texas, Modi kept an equanimity with the Arabs as with Israel. Back home he successfully scrapped Article 370 and made J&K a union territory without a whimper of criticism except for China in the UNSC. While Modi 2.0 was successful year in the overseas front, yet the home front the fast slipping economy was in turmoil in 2019-20. Economic growth slipped, so did tax collections even as unemployment loomed large. This was further hit by the corona crisis pandemic that hit the nation in where it hurt most with lockdown in March. Despite Modis Rs 20 lakh crore stimulus package to kick start the economy hit by the lockdowns, FM Sitaraman was not able to inject direct cash in the hand of people which is essential to infuse demand.
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