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Modi's eleven-year leadership transformed India from a fragile economy to a global powerhouse through decisive reforms, inclusive welfare, strategic diplomacy, and robust national security.
The Daily Guardian
|June 10, 2025
India faced an inherited economic mess, deep institutional distrust, internal insurgencies, hostile borders, global pandemics, and constant ideological resistance from powerful quarters both within and outside the country.
Yet, at every turn, this government responded not with evasion, but with clarity and conviction.
In 2013, India was labelled one of the "Fragile Five" economies. Inflation was high, investment sentiment low, and decision-making paralysed. Today, India is the fastest-growing major economy, clocking a sustained 7%+ growth rate even amid global slowdowns, something that even the more powerful, affluent countries have failed to achieve.
It is now the fifth-largest economy in the world, poised to surpass Japan and Germany by 2027. GDP has more than doubled since 2014. Foreign reserves have crossed $650 billion. India has jumped dozens of ranks in Ease of Doing Business. Massive capital has flowed into manufacturing and infrastructure. The once-sputtering investment engine is alive again—because confidence has been restored.
This growth was not automatic. It was driven by tough and often politically risky decisions: demonetisation, GST, the Insolvency and Bankruptcy Code, and banking sector clean-up. These were followed by forward-looking bets—Production Linked Incentive (PLI) schemes, Make in India, and Digital India—that brought structure to growth. India is now producing its own smartphones, exporting defence equipment, attracting semiconductor plants, and leading the world in digital payments through UPI. This is no longer a consumption economy alone. It is becoming a builder's economy.
This story is from the June 10, 2025 edition of The Daily Guardian.
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