Here's How Modi Government Shaped India's Last Decade: 10 Major Milestones Achieved

Published: Saturday, June 8, 2024, 12:38 [IST]

The Modi government marks a decade in power as India gears up for the 2024 Lok Sabha elections. Over these ten years, significant decisions have shaped the nation, from economic growth to landmark political changes. With the elections over and results declared, Here are 10 major milestones achieved by the Modi Government.

1/10

India Becomes the Fifth Largest Economy: In 2013, India was part of the 'Fragile Five'. Today, it stands as the world's fifth-largest economy. Since 2014, India's GDP has grown by 162%, with the average income more than doubling at 135%. Foreign exchange reserves have risen from $290 billion to $620 billion

2/10

Digital India: Following demonetization and the surge in internet usage, UPI transactions have skyrocketed. Digital transactions increased from 2,071 crores in 2018 to over 9,500 crores currently.

3/10

Direct Benefits from Jan Dhan Yojana: Savings deposit accounts have seen a 197% increase. Schemes like Jan Dhan Yojana have provided direct financial benefits to many citizens.

4/10

Schemes Like Ayushman Bharat and PM Kisan: Schemes like Ayushman Bharat, Pradhan Mantri Awas Yojana, and PM-Kisan Samman Nidhi have directly benefited farmers and the poor.

5/10

Major Changes in Tax: One Nation, One Tax started with GST in 2017. Today, the annual GST revenue is more than 20 lakh crores. A new tax regime was also introduced in the 2020 budget.

6/10

Self-Reliant India Campaign: The government has focused on making India a manufacturing hub through initiatives like Vocal for Local and the Production Linked Incentive (PLI) scheme.

7/10

Growth in Financial Assets and Stock Market: The total market capitalization of the BSE has surpassed $5 lakh crore, with the Sensex rising from 24,000 to over 75,000. Mutual funds' Assets Under Management (AUM) have exceeded 50 lakh crore.

8/10

Infrastructure Development: National highways have seen a 60% growth over the past decade, with 31,000 km of new rail networks added. Nine Vande Bharat trains are operational, and preparations for bullet trains are underway.

9/10

India's Space Achievements: ISRO has achieved significant milestones, including the successful landing of Chandrayaan-3 on the Moon and launching its first mission dedicated to observing the Sun.