When discussing the Indian economy, "Modi Economics" is undoubtedly a hot topic.
Since Modi took office as Prime Minister, the rapid development of the Indian economy has garnered much praise and expectation.
However, as we delve deeper, we find that this surface prosperity masks many underlying issues, much like the true face hidden beneath a glamorous exterior.
Next, we will explore the "myths" constructed by Modi's economic policies and the "realities" that cannot be ignored behind them.
We can begin with a small story.
A friend of mine works in rural India and has witnessed many farmers seeking higher returns by going out to work, and even choosing to commit suicide due to debt issues.
Such stories are not isolated incidents; they frequently occur in Indian society.
These real cases remind us that behind the economic growth, countless families are paying a huge price.
When talking about Modi Economics, people often mention the 6% to 7% economic growth rate and the slogan of "Make in India," as if India has become a new economic miracle.
But can macro data really explain everything? Can we easily declare victory?
The "Make in India" strategy launched by the Modi government aims to attract foreign investment to drive the transformation of the manufacturing industry, which is undoubtedly an ambitious plan.
However, after some time of implementation, although foreign investment has increased, have these funds genuinely benefited the local population?
Many foreign companies are gradually replacing local enterprises, controlling land and resources, which poses greater survival challenges for already struggling individuals.
What truths lie behind the prosperity? While some investments have effectively driven economic growth, the wealth gap among ordinary people is further widening.
More and more farmers are becoming survivors struggling in urban areas, with living conditions that are concerning.
Environmental issues are also worrying.
To attract international capital, the government often relaxes environmental protection policies to meet the production needs of businesses, leading to increasingly severe air and water pollution. Is this cost truly worth it?
It is undeniable that the influx of international capital has brought short-term economic benefits to India, but in most cases, foreign companies care more about profits than fulfilling social responsibilities.
Although these multinational companies have introduced advanced production lines, they often deprive local industries of their survival space.
Even worse, the Modi government seems to have failed to establish effective regulatory mechanisms to protect social and environmental rights, resulting in severe impacts on many local businesses and workers.
Some foreign companies have even employed clever tactics to force local businesses to transfer land, causing many farmers to lose their homes.
In the face of these issues, what should be the future path for India?
While the massive influx of foreign capital has brought some development opportunities, is this model sustainable?
Given the worsening environmental pollution and the widening wealth gap, India urgently needs to find a more sustainable development path.
To address these problems, India needs to start from the grassroots level, optimizing its internal structure. The government should pay more attention to people's livelihoods rather than simply pursuing numerical growth.
It should prioritize the rational allocation of resources and the improvement of living standards, and establish stricter environmental protection policies to guide businesses to take social responsibility while pursuing profits.
There is a call for the international community to pay attention to India's development and investment, providing practical suggestions and solutions.
We hope that international capital can develop alongside the Indian people, promoting sustainable national development rather than merely pursuing a zero-sum game.
The core of these issues lies in how to balance the multiple demands of society, economy, and environment while rapidly developing the economy.
This is not something that can be resolved overnight, but we should seize the current opportunities to make every participant aware of their social responsibility.
The path to development should not only strive for numbers but also create a better future for every family.
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