India ascends a roadmap to progress and prosperity
India is undergoing a transformative journey marked by economic reforms, technological progress, and a focus on inclusive development, under the leadership of Prime Minister Narendra Modi.
India has bolstered its geopolitical influence through strategic partnerships with major global powers. It has launched several initiatives to boost manufacturing, boost digital infrastructure, and promote entrepreneurship, positioning the country as a global hub for business and technology.
Under Prime Minister Narendra Modi’s leadership, India is undergoing a transformative journey marked by economic reforms, technological progress, and a focus on inclusive development.
Here are the key milestones of this path to progress.
Economic reforms and growth
• Economic initiatives: The launch of programs like “Make in India,” “Digital India,” and “Startup India” has driven economic growth and innovation. These initiatives aim to boost manufacturing, strengthen digital infrastructure, and promote entrepreneurship, positioning India as a global hub for business and technology.
• Goods and services tax (GST): The implementation of GST has streamlined the tax system, making it more efficient and business-friendly. This reform has simplified the tax structure, reduced compliance costs, and boosted revenue collection.
• Insolvency and bankruptcy code (IBC): The IBC has improved the ease of doing business by providing a clear framework for resolving insolvencies. This has increased investor confidence and facilitated the restructuring of distressed assets.
Infrastructure development
• Bharatmala and Sagarmala projects: These ambitious initiatives aim to enhance road and port connectivity, respectively. Improved infrastructure is essential for facilitating trade, reducing logistics costs, and driving economic growth.
• Smart cities mission: The development of smart cities focuses on creating urban centers that are sustainable, technologically advanced, and citizen-friendly. This initiative aims to improve the quality of urban life and attract investment.
• Affordable housing: The Pradhan Mantri Awas Yojana (PMAY) seeks to provide affordable housing for all, addressing the housing needs of millions. This initiative not only enhances living standards but also stimulates economic growth through the construction and related sectors.
Social welfare and inclusion
• Financial inclusion: The Jan Dhan Yojana has integrated millions of unbanked citizens into the formal banking system, promoting financial inclusion and empowering individuals with access to essential financial services.
• Healthcare: The Ayushman Bharat scheme, also known as the National Health Protection Scheme, aims to provide health insurance to over 100 million families. This initiative enhances healthcare accessibility and affordability, significantly improving public health outcomes.
• Sanitation and hygiene: The Swachh Bharat Abhiyan (Clean India Mission) has prioritized improving sanitation and hygiene across the country. Its goal of making India open defecation-free has profoundly impacted public health and the quality of life.
Technological advancements
• Digital India: The Digital India initiative seeks to transform India into a digitally empowered society and a knowledge-based economy. This includes expanding internet connectivity, promoting digital literacy, and enhancing e-governance.
• Innovation and startups: India’s startup ecosystem has flourished, with numerous innovative startups emerging across various sectors. Government support through funding, incubation, and mentorship has been instrumental in driving this growth.
Geopolitical influence
• Strategic partnerships: India has bolstered its geopolitical influence through strategic partnerships with major global powers. Collaborations with countries such as the United States, Japan, and Australia have strengthened defense and security cooperation.
• Multilateral engagement: India’s active participation in international forums like the United Nations, G20, and BRICS underscores its commitment to global governance and multilateralism. Leadership in initiatives such as the International Solar Alliance (ISA) highlights India’s pivotal role in addressing global challenges.
