[m0llusk]

There are a lot of factors involved with all of that. I would argue that what has happened is that Modi's policies, even ones that might seem reasonable at the start like reforming the currency, have as executed ended up creating enormous difficulties for business in India and that investment has dropped primarily as a result of Indian business struggling amid their current circumstances.

[xNeil]

Demonetization in 2016 turned out to be a horrible move, that backfired a bit, although I supported it when it came out.

GST implementation has been quite successful, FDI has increased since Modi came to power. The pandemic, of course, has been pretty bad, with the GDP contracting 8% in 2020.