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Prime Minister Narendra Modi recently highlighted India’s journey of economic stability and growth over the past decade, emphasizing how policy reforms, strong governance, and people-driven initiatives have shaped the nation’s progress. Marking the milestone of ten years in power, PM Modi underlined how India has emerged as a resilient economy despite global challenges.
A Decade of Growth and Reforms
Since 2014, the Indian economy has undergone a transformation. With structural reforms like the Goods and Services Tax (GST), Insolvency and Bankruptcy Code (IBC), and direct benefit transfers, the government has aimed to strengthen transparency, improve efficiency, and empower citizens. PM Modi stressed that these changes have not only stabilized the economy but also created a strong foundation for sustainable growth.
Resilience Amid Global Challenges
The last decade was marked by major global disruptions—ranging from the COVID-19 pandemic to the Russia-Ukraine conflict and supply chain crises. Despite these hurdles, India maintained steady growth, becoming the fifth-largest economy in the world. Modi attributed this to India’s strong domestic demand, digital innovation, and confidence in “Make in India” initiatives.
Boost in Infrastructure and Investments
The government’s focus on infrastructure has been another pillar of stability. Initiatives such as Bharatmala, Sagarmala, Digital India, and Smart Cities Mission have encouraged investments and created millions of jobs. According to Modi, infrastructure expansion has not only boosted connectivity but also improved the ease of doing business, making India an attractive hub for global investors.
Empowering the Common Citizen
PM Modi highlighted that true stability is not just about GDP numbers but also about improving the lives of people. From Jan Dhan Yojana to Ujjwala Scheme and PM Awas Yojana, the decade has seen millions benefit from welfare programs. He said these initiatives have lifted people out of poverty, strengthened financial inclusion, and empowered women.
India’s Digital Transformation
One of the biggest achievements in the last ten years has been India’s digital revolution. The rise of UPI (Unified Payments Interface), rapid internet penetration, and start-up ecosystem have positioned India as a global leader in digital innovation. Modi praised young entrepreneurs, calling them the “backbone of India’s economic future.”
Looking Ahead
While celebrating the achievements, PM Modi also emphasized that the journey has just begun. He expressed confidence that India is on track to become a $5 trillion economy, with continued focus on green energy, manufacturing, and global partnerships. He called upon citizens to remain united and contribute to making India a global economic powerhouse.
Conclusion
PM Modi’s message of economic stability over the last 10 years reflects India’s determination and resilience in the face of challenges. With a blend of reforms, digital innovation, infrastructure growth, and people-first policies, India has positioned itself as a rising global economy. The next decade, according to him, promises even greater opportunities for the nation and its citizens.
FAQs
Q1: What did PM Modi highlight in his speech on economic stability?
He highlighted India’s economic resilience, reforms, and growth achieved in the last 10 years.
Q2: Which reforms played a key role in economic stability?
Reforms like GST, IBC, direct benefit transfers, and digital payments were crucial.
Q3: How has India handled global challenges?
India managed disruptions like COVID-19 and geopolitical tensions with strong domestic demand and digital innovation.
Q4: What role did infrastructure play in stability?
Infrastructure expansion created jobs, improved connectivity, and attracted investments.
Q5: What is India’s economic vision ahead?
India aims to become a $5 trillion economy with a focus on green energy, manufacturing, and technology.
