India Under PM Modi: 11 Years of Good Governance

News18

09-06-2025

Last Updated:
The government's focus on inclusive growth through 'Sabka Saath, Sabka Vikas' and self-reliance through Aatmanirbhar Bharat will continue to shape India's trajectory
June 9, 2025, marks the completion of 11 years of governance under the leadership of Prime Minister Narendra Modi. Under his leadership, the country has made substantial progress in economic development, social progress, and has strengthened its position as a key global player.
In the past 11 years, India's economy has expanded considerably. When PM Modi took office in 2014, the GDP per capita (based on purchasing power parity) was around $5,000, and today it has increased to over $12,000, a 240 per cent rise. The International Monetary Fund projects a 6.2 per cent growth rate for India in the FY 2025-26, higher than China's 4 per cent, US' 1.8 per cent, Japan's 0.6 per cent and the UK's 1.1 per cent, making India the fastest-growing major economy in the world.
India has overtaken Japan to become the world's fourth-largest economy, with a GDP exceeding $4 trillion. It is to the dynamic leadership of PM Modi that today India's economy has doubled from $2.1 trillion in 2015 to $4.3 trillion in 2025, a 105 per cent growth in mere 10 years. This growth wouldn't have been possible, without major policy changes like the Goods and Services Tax, implemented in 2017. The gross GST revenue collected in the FY 2024- 25 was over Rs 22.08 lakh crore, of which the Central Goods and Service Tax (CGST) was Rs 4.13 lakh crore, the State Goods and Service Tax (SGST) was Rs 5.16 lakh crore, and the Integrated Goods and Service Tax (IGST) was Rs 11.25 lakh crore.
The 'Make in India" initiative, launched in 2014, is starting to showcase its potential and success. For instance, Apple vendors nearly doubled exports of iPhones from India from Rs 85,000 crore in FY23- 24 to Rs 1.5 lakh crore in FY 24-25. The production-linked incentive scheme, offering $24 billion in incentives since November 2023, supports sectors like electronics and drones.
India's Unified Payments Interface (UPI) has overtaken Visa in daily transaction volume. On June 1, UPI processed 64.4 crore transactions, followed by over 65 crore on June 2. In contrast, Visa's average daily transaction volume in the financial year 2024 stood at 63.9 crore. Digital payments via UPI are projected to reach $1 trillion by FY26, growing at 40- 50 per cent annually.
Infrastructure development has accelerated, with 36 km of highways built daily compared to only 8-11 km under UPA, and 100 per cent rural electrification has been achieved. In this period, foreign direct investment rose from $36 billion in 2013-14 to $709.84 billion over the decade, and India's exports jumped from $318 billion to $825 billion.
Under the 'Sabka Saath Sabka Vikas" philosophy championed by PM Modi, social welfare programmes have expanded significantly. The Aadhaar system, covering 99 per cent of adults, enables direct benefit transfers, reducing subsidy leakages, with $34 trillion transferred using the Jan Dhan scheme. Rural development includes building 12 crore toilets, and providing tap water to over 15 crore households with eight states and three UTs having achieved 100 per cent water coverage in January 2025 itself.
The Ujjwala scheme distributed 10 crore gas connections, and Ayushman Bharat issued 37 crore health cards. Food subsidies increased nearly fivefold since 2019, supporting access to affordable grains. Over 10 crore farmers have received Rs 3.75 lakh crore in financial support. Together these and other measures have ensured that India has significantly reduced our extreme poverty rate, from 27.1 per cent in 2011-12 to only 5.3 per cent in 2022-23, as revealed by the latest World Bank data. This means, under the inclusive leadership of PM Modi, 27 crore individuals were lifted out of extreme poverty in the past 11 years.
Another critical aspect in which India has made substantial advancements is in the defence sector. India's defence exports have grown from Rs 1,941 crore in 2014 to Rs 23,662 crore in 2024, reflecting a gradual shift from 'defence buyer" to 'defence exporter". Under PM Modi, India is pushing for military modernisation with focus on aatmanirbharta (self-reliance). In the coming decade, the defence sector is set to become a major contributor to our economic growth.
Over the past 11 years, India has achieved robust economic growth despite global challenges such as Covid-19 pandemic, war between Russia and Ukraine disturbing the global economic scenario, and the recent skirmish with Pakistan. India has made significant progress in GDP growth, social welfare expansion, infrastructure and industrial development, and defence modernisation, including increased exports. These advancements are gaining international recognition.
The government's focus on inclusive growth through 'Sabka Saath, Sabka Vikash" and self-reliance through 'Aatmanirbhar Bharat" will continue to shape India's trajectory as we collectively aim for a $7 trillion economy by 2030, and a 'Vikshit Bharat" status by 2047. Let us all work together to realise this goal.
Raju Bista is the Member of Parliament from Darjeeling, and BJP national spokesperson. Views expressed in the above piece are personal and solely that of the author. They do not necessarily reflect News18's views.