Tarun Chugh
Under the leadership of Prime Minister Narendra Modi, India is establishing itself as a self-reliant, strong and prosperous country on the world map. Decades ago, our country used to be amongst the poorest of the poor countries of the world and scenario is all set to change now.
India was dependent on imports for everything from food grains to essential commodities. But, the Prime Minister’s vision, noble intention and abled-leadership skills have changed our situation today. India has become an exporting country to the world.
When Narendra Modi became the Prime Minister in the year 2014, India’s Gross Domestic Product (GDP) was $ 2.04 trillion, which increased to $ 2.87 trillion by the year 2019. The economy of the whole world collapsed due to the Corona epidemic, but in the current financial year 2022-23, India’s GDP can cross three lakh crore dollars due to the efficient leadership.
Similarly, India was far behind in terms of per capita income, but at this level also it has grown rapidly in the last eight years. When the Modi government came to power, the per capita income at that time was just Rs 79,000, which has now increased to Rs 1.50 lakh. India’s development journey continued amid the pandemic and the current Russia-Ukraine war.
Due to the fast pace of development in various fields, India has become the fifth largest economy in the world, leaving behind Britain, which ruled India for two hundred years. Various surveys have said that if this pace of the economy continues, by 2029, India will become the third largest economy in the world leaving behind Japan and Germany.
During the eight-year tenure of Prime Minister Narendra Modi, many important decisions were taken to make India self-reliant. By implementing GST, our tax system was improved, due to which, along with the increase in government revenue, traders and common people were also facilitated.
All villages have been electrified, after which small and cottage industries grew. Reform programs like Make in India, Start-up India, PLI Scheme, Bankruptcy Law, Ease of Doing Business, Digitization are prominently included. Due to the Jan Dhan Yojana, today the whole country is connected with the country’s economy. Till 2014, there were only 1.35 crore bank accounts, but for financial inclusion, Pradhan Mantri Jan Dhan Yojana was started and under this scheme 45.41 crore bank accounts have been opened and Rs 1,67,145.80 crore is deposited in them.
Due to Make in India and PLI scheme, exports of goods increased by more than 100 billion dollars. The export which was mere $ 312 billion in the year 2013-14 according to RBI data has increased to $421 billon in the year 2021-22. In digitalization, today 40 percent of the world’s digital transactions are taking place in India. Earlier we used to import mobile chips from other countries, today we are second in the world in its production.
For many decades, India was dependent on imports in terms of food grains but in 2022 this picture has completely changed. Today India is exporting food grains to the world. Due to the increase in exports, the farmers of the country were benefited in many ways. India became the first or second largest producer of many types of food items during the reign of Narendra Modi.
This increased the share of agricultural exports to over 15 per cent of the total merchandise exports. Agriculture is the base of the Indian economy, seeing which Prime Minister Narendra Modi made continuous efforts to double the income of the farmers. Under this, steps like Kisan Samman Nidhi, Soil Health Card, Neem Coated Urea for farmers were taken.
Along with this, the Modi government has increased the agriculture budget to a great extent. In financial year 2012-13, the agriculture budget was about 21,933 crores, which has increased to 1,24,000 crores in 2022. PLI was started two years ago in 15 sectors, under which investments worth Rs 2.5 lakh crore have come so far. In the next five years, the PLI scheme is expected to generate investment of Rs 28.15 lakh crore and more than 64 lakh jobs.
The PLI scheme has helped in building a self-reliant India. Preparations were already being done to make a scheme like PLI successful. GST was implemented in the year 2017. With the implementation of GST, an environment for global investment has been created. The result was that in the year 2021-22, $ 83.57 billion was the highest ever foreign direct investment (FDI), whereas in the financial year 2014-15, only $ 45.15 billion was received.
Thus, under the leadership of Prime Minister Narendra Modi, India has become a strong, prosperous and self-reliant country on economic front. On economic basis, survey and evaluation agencies have considered India’s economy as strong. India’s economic growth rate is estimated to be 8.0 per cent to 8.5 per cent in 2022-23.
According to the estimates of World Bank, Asian Development Bank and International Monetary Fund, India will continue to remain the world’s leading fast-growing economy. Public welfare and development work is also going on in the country. Along with this, the country’s economy is also getting stronger continuously.
The country’s security system has also been strengthened. Our soldiers are strong and safe. India has also set a record in the field of health. Overall, the Modi government is showing its efficiency to make the country economically prosperous by providing basic facilities to each and every citizen. We can also say that India got independence from economic point of view only in the nectar of independence. In this, from the economic point of view, we have become self-reliant and self-reliant. Today we must be proud of the strong economy of the country.
(The writer is National General Secretary of BJP)
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