Modi 3.0: Ensuring Double Digit Development

Under both Modi 1.0 and 2.0, India followed a trajectory of high growth relative to other major economies.

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Modi 3.0 needs to ensure India breaks out of the single-digit trap and ensures double-digit economic growth.

The best way to ensure that the poorest of the poor are looked after is to ensure double-digit growth. Such a rate of growth will also increase revenue receipts.

Modi 2.0 ensured that the poorer sections of society were given adequate grain and other requisites in order to escape a life of deprivation even of the basics.

Such necessary attention to the poor did not bring much electoral results for the BJP in 2024. Instead, the party lost its two-term single-party majority and became the leader of a coalition government so as to ensure a majority in the Lok Sabha.

There are two reasons for the mismatch between success in poverty alleviation and Lok Sabha seats. The first is that after six months, beneficiaries look at the extra benefits as their right and entitlement. Hence, several do not reward the ruling party for it.