6 Big Ways The Modi Effect Has Transformed India

India- World’s largest democracy and a country which inherits people from various sects, class, caste, and religions. It is a nation which knows how to live with variances and accommodate all the multiple streams of thought. 

But on 31 May 2014, this country left behind all the differences and came together to vote a person who was the face of transformation. Thousands of people denied the remaining status quo with the existing government and opted for change. They did not merely vote for a person; they voted for new dreams, aspiration, goals, unity, and most importantly- development.

That was a person who had promised India an era of development, shown Indians the dream of being a developed nation and vowed to make it a country of our dreams in every sense. His personality, his aura, his words, his vision, and his life story bought in a wave of optimism and utopia which got reflected in the elections of 2014.
That person is none other than Mr. Narendra Modi; who despite allegations, criticisms, and hardships stood firmly by his goals.

Today after five years of the NDA government led by Modi, India will once again step into the tussle of elections in the current year. 

Although no one knows what will happen in the future, we surely should take a look into the past and see what all has happened in these five years of Narendra Modi government. For this, we will look at six significant changes made by the Modi government which have turned out to be the most defining features of his term.

 

1. Demonetisation

On November 8, 2016, Modi government announced that Rs. 500 and Rs. 1,000 currency notes in circulation would be withdrawn and new Rs. 500 and Rs. 2,000 notes will be issued. This decision was aimed at targeting all the black money and reducing corruption. The move had shockwaves across the economy. It was a bitter pill which had to be taken to curb the corruption. Though this move had some adverse effects like slowing down the GDP growth for some time, it was indeed a much-needed move. It sent strong signals that this government is in no mood to tolerate black money and can take strong action against it.

 

2. Goods & Service Tax i.e. GST

India was awaiting the unified goods and services tax (GST) for about two decades. The Modi government finally took action and bought in the GST as a new reform in the tax system of the country. There are some complaints from the small and medium businesses that compliance requirements have gone up, and margins have come down, making it harder to do business; still, there are too many positive changes bought about due to GST. The tax collection is now at a record high, the taxpayer base too hit the highest number in FY 2017-18 and the GDP growth is constantly rising.

 

3. Out-of-the-box Decisions

Modi government has tried to bring about radical changes in the way governance works in India. Here are some of such moves which have been detrimental.

  • The Budget date was changed to February 1 ensure that all the departments get sufficient time to spend the money which is allocated to them. 
  • The Railway Budget, which was an annual event of political opportunism, was done away.
  • Planning Commission got replaced with NITI Aayog 
  • Conflicting ministries came under one minister; e.g., steel and mines or coal and power. 

 

4. Ease Of Doing Business

One of the key parameters that the Modi government has worked on is the ease of doing business. Modiji clearly stated that he would try to improve India’s ranking on the World Bank chart and today India managed to go up 30 places in the 2018 rankings. For this, he has encouraged the establishment of innovative small and medium startups through various steps.

 

5. Increased FDI 

In spite of being criticised for his frequent foreign tours, Modi has managed to fetch a remarkably high FDI in Indian economy. Plus he has been successful in establishing friendly bonds with mighty nations and also neighboring countries. This is a step towards establishing national, international peace and economic development. 

India is no longer an isolated, developing country, but a strong contender in the race for being a superpower, 

 

6. Some Staunch Steps

On 29 September 2016, exactly 11 days later the Uri attack, India launched a surgical strike in the Pak-occupied Kashmir and destroyed eight militant terrorist bases. This step was taken by the army, and the Modi government made it loud and clear that that though India is willing to be a friendly nation, still henceforth, it would have a no-toleration policy towards insurgency and terrorism. 

 

These are just a few factors which minimally define the 'Modi Effect' and the five years of his governance. There are a lot more striking elements like his 'Make In India' policy, 'Digital India' policy, infrastructural development and so on.

We highly appreciate our hard-working Prime Minister's work and pledge that we will too do our best for the growth of our country. Jai Hind!

The featured image is via Wikipedia