Ever since PM Narendra Modi took charge at the head of the Bharatiya Janata Party (BJP) in 2014, India’s economy hasn’t faced deflation in this century. It has only got better at around 7% per year. It is highly expected that India’s economy will be one-third bigger than when Modi took charge at the office. That means that there will be a huge change in the world’s largest democracy.
India has attained a massive growth rate under PM Modi which is 8.2%, a growth rate that has surpassed both China (6.7%) and USA (4.2%). Since taking office in 2014, Mr. Modi has been trying to change the atmosphere around India.
It is nice to see that India is making its place in the world. PM Modi had pushed through tough economic reforms like demonetisation (rapid removal from circulation of high denomination banknotes) and GST harmonization (the start of a unified national goods and services tax) for the welfare of country’s growth.
Nobody thought that India would grow at a much quicker pace in the world following demonetization. This probably proves the opposition wrong as they claim that demonetization was an imprudent decision. The recent achievements are proof of the fact that Modi is revolutionising India at the best scene.
India doesn’t want to be just a spectator but a competitor in the world. With great recognition and power, India has all the ingredients to outgrow every single country. In the last three to four years, the vision of India has been changed and the world’s perception towards India is also changing. It’s because of the fact that India is attaining a meteoric rise and its progress is well documented.