Modi Must Take Blame for India’s Jobs Crisis, Former Minister Says

  • Former finance minister Yashwant Sinha critical of Modi record
  • Ahead of elections, ruling party could experience turbulence
Photographer: Dhiraj Singh/Bloomberg
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Prime Minister Narendra Modi is running out of time to turn around India’s $2.3 trillion economy before impending elections, leaving the party reliant on "good marketing" to win over voters, a former Indian finance minister and member of the ruling party said.

India’s cash ban and the "poorly planned" implementation of a national sales tax have slowed growth, hurt job creation and will threaten Modi’s administration in upcoming state and federal polls, Yashwant Sinha, finance minister under former Bharatiya Janata Party Prime Minister Atal Bihari Vajpayee, said in an interview.