Singapore report shatters ‘shining India’ myth, exposes deepening economic crisis
Singapore: A hard-hitting report by Singapore’s leading newspaper The Straits Times has dismantled the narrative of a “shining India”, raising alarm over the country’s deteriorating economic and humanitarian conditions.
According to Kashmir Media Service, the report attributes the unfolding crisis to flawed economic policies under Indian Prime Minister Narendra Modi, coupled with ineffective strategic decisions on the international front, pushing India toward a severe energy and livelihood emergency.
It noted that escalating regional tensions involving Iran have significantly disrupted India’s fuel supply chain. Since March, gas prices have skyrocketed by nearly 400 percent, forcing widespread industrial shutdowns. In the key industrial hub of Surat, more than 150,000 textile workers have reportedly lost their jobs and returned to their native areas, an exodus being described as one of the most serious economic dislocations in recent Indian history.
Economists cited in the report contend that the Modi government’s ambitious claims have largely proven illusory. Acute fuel shortages and erratic electricity supply have severely strained daily life, pushing vast segments of the population backward in terms of basic living standards.
The report further underscored that deological alignments and policy biases have alienated India from its regional partners and critical energy suppliers. It emphasized that the ongoing industrial slowdown and closures are indicative of deeper strategic miscalculations by the Modi government.
Concluding its assessments, the ST Times said that the mass migration of workers from urban centers is a clear indication that public confidence in Modi’s economic model has sharply eroded. It asserted that governance driven by rhetoric rather than public welfare has left millions of Indians bearing the brunt of a widening crisis.
