Lok Sabha Election 2024: 10 big achievements of Modi government over 10 years
Lok Sabha Election 2024: The Modi government marks a decade in power. Over these ten years, significant decisions have shaped the nation, from the Jan Dhan Yojana to the abrogation of Article 370 and the criminalization of Triple Talaq. With the final phase of voting scheduled for June 1 and the election results to be announced on June 4, it's time to reflect on the Modi government's key achievements.
10 major milestones of the Modi government
Here are the ten major milestones of the Modi government in past decade:
India becomes the fifth largest economy
Transitioning from being part of the 'Fragile Five' in 2013, India is now the world's fifth-largest economy. Since 2014, India's GDP has grown by 162%, with the average income more than doubling (a 135% increase). Foreign exchange reserves have risen from $290 billion to $620 billion.
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.
Direct benefits from Jan Dhan Yojana
Savings deposit accounts have seen a 197% increase. Schemes like Jan Dhan Yojana has provided direct financial benefits to many citizens.
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.
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.
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.
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.
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.
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.
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.
Historic Political Decisions
The Modi government has made several landmark political decisions, such as the abrogation of Article 370 and the criminalization of Triple Talaq.