The Indian economy got its steam back after the crippling demonetization move in 2016, as the latest figures show the fourth quarter growth of 7.7 per cent, even overtaking the Chinese economy which stands at 6.8 per cent. Even as the analysts predict a boost for the Indian economy in the months ahead due to the timely monsoon, Prime Minister Narendra Modi's stocks all over the country seem to be in a freefall, if you take into account the recent bypoll results in various parts of the country.

© Twitter

The reason for such a reversal in Modi's popularity across the country is not because people are disenchanted by the government's policies, but because the people are now calling out their bluff over several issues, with soaring prices of basic commodities topping the list. The prime example of this is the surge in the petrol prices and the subsequent 1 paisa reduction that's really hitting the common man hard. 

Add to this the corporate loan waivers that the government undertook since its inception, which are now touching almost Rs 2 lakh crores and you have a situation where industrialists are being allowed to get away with crores of robbery while the common man is being given a reprieve of 1 paisa under the Modi Government.

While the government itself conceded that the rising prices of commodities are one of the major reasons why the Bharatiya Janata Party (BJP) is losing ground in some key states including Uttar Pradesh, the government's problems will only rise multi-fold in the next 12 months. The opposition is uniting and there are indications that they may fight under a single banner in the 2019 elections. 

If that's bad for the BJP, then you haven't really taken into account the upcoming protests by the farmers who are demanding a better formula for selling their crops to the government. As it is, the farmers are losing up to 50 per cent of their earnings because of the haphazard policies of the Modi government.

© Twitter

It's true that the Modi government has put the country back on a growth trajectory after the demonetization debacle, which had put a lot of pressure on the Indian economy. That good news, however, only serves as a reminder to the current government that any misadventures in the future might actually cost them the next General Elections because, in the end, it's the common man who feels the heat on the ground.