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A decade of reformist action has catalysed the emergence of India

Mint Mumbai

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May 26, 2023

Seven key aspects of the Modi government’s economic strategy have set the stage for our long-term ambitions to be achieved

A decade of reformist action has catalysed the emergence of India

The ninth anniversary of India’s present government led by Prime Minister Narendra Modi is an opportune moment to assess its achievements so far, especially as the next 25 years lead up to the 100th anniversary of India’s independence. The experience would also serve as a guidepost for the government to script a blueprint and draw a policy road map for India’s future, an exercise that would help establish India as a global force to reckon with as it aims to become a developed economy by 2047.

The present government has been working towards changing perceptions about India ever since it assumed office. Since its decisive mandate of 2014, the Modi government has worked assiduously to create a strong India, ready to take on the world on the strength of its robust fundamentals. Hence, even as the global economy faces headwinds, India today continues to hold its own, having emerged as the world’s fastest growing major economy for three consecutive years.

Further, India’s G20 Presidency this year provides an opportunity to showcase Indian leadership in tackling various challenges, including those of reviving global growth, undertaking climate action, social empowerment and healthcare, among others. The global spotlight on India has essentially been enabled by the many bold and extraordinary steps taken by the government to ensure that the country gets its rightful place at the global high table.

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