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PM Modi's 12-Year Tenure: Transforming India into a $4.18 Trillion Economy
12 years of PM Modi: How the first PM born in a free India pushed the nation into a $4.18T superpower era
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Image: Zee News
Since taking office on May 26, 2014, Prime Minister Narendra Modi has significantly influenced India's political and economic landscape. Under his leadership, India's GDP has nearly doubled to $4.187 trillion, supported by reforms like the Goods and Services Tax and initiatives such as Digital India. Modi's tenure has also seen advancements in infrastructure and welfare programs.
- 01India's nominal GDP has increased from approximately $2 trillion in 2014 to about $4.187 trillion in 2023.
- 02The PM Gati Shakti National Master Plan has led to investments exceeding ₹100 lakh crore, resulting in the construction of 350,000 km of rural roads.
- 03The Digital India initiative has facilitated over 13 billion digital transactions in a month, making India a leader in digital payments.
- 04Over 1,200 new universities have been established since 2014, alongside the introduction of the NEP 2020 to modernize education.
- 05The abrogation of Article 370 in 2019 integrated Jammu and Kashmir fully into India’s constitutional framework.
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On May 26, 2014, Narendra Modi was sworn in as India's 15th Prime Minister, marking a pivotal shift in the nation's political and economic trajectory. His government has achieved significant milestones, including nearly doubling India's nominal GDP to $4.187 trillion, making it the fourth-largest economy globally. Key reforms such as the Goods and Services Tax (GST) and initiatives like Make in India have contributed to this growth. Infrastructure development has been prioritized, with over ₹100 lakh crore invested under the PM Gati Shakti National Master Plan, resulting in the construction of 350,000 km of rural roads. The Digital India program has revolutionized the fintech sector, achieving record digital transactions. Modi's administration has also focused on social welfare through programs like PM Jan Dhan Yojana and Ayushman Bharat, enhancing financial inclusion and healthcare access. Internationally, India has strengthened its geopolitical presence through active participation in forums such as the G20 and QUAD, while significant national security measures, including the abrogation of Article 370, have defined Modi's tenure.
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The economic policies and infrastructure initiatives under Modi's leadership have significantly improved the living standards and economic prospects for millions of Indians.
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