HomeNewsOpinionModi Govt @ 8 | Prime Minister Narendra Modi’s reforms have positively impacted every Indian

Modi Govt @ 8 | Prime Minister Narendra Modi’s reforms have positively impacted every Indian

No Prime Minister in India’s history has done as much for the poor as Narendra Modi has done in the last eight years

May 27, 2022 / 17:01 IST
Story continues below Advertisement
The GST system reduces India's abnormally high supply chain costs by creating a unified platform, and eliminated 17 separate taxes.
The GST system reduces India's abnormally high supply chain costs by creating a unified platform, and eliminated 17 separate taxes.

Prime Minister Narendra Modi has been a great reformer of India in his tenure over the past eight years. The reforms enacted under his leadership have been extensive, and positively impacted the country's large population.

In the area of digital and financial inclusion, the India Stack, comprising world-class utility systems like Aadhaar, UPI, DigiLocker, and others, has facilitated the economic inclusion of millions of citizens previously excluded. It provides the rails for world-class innovation on top of the Stack. The India Stack has paved the way for the largest digitally-driven minimum income support scheme globally — Direct-Beneficiary-Transfer (DBT), where beneficiaries receive the money directly to their mobile-linked bank account in a matter of seconds after disbursal. A total of Rs 23 lakh-crore has been disbursed via DBT since 2014.

Story continues below Advertisement

Physical infrastructure, too, has received a tremendous boost with investments in expressways, highways, ports, and railways. The GST system reduces India's abnormally high supply chain costs by creating a unified platform, and eliminated 17 separate taxes. The substantial collection of Rs 1.68 lakh-crore in April demonstrates the benefit of GST. Demonetisation put black money purveyors in their place, leading to a massive increase in tax collections.

These reforms have converged in the most significant step ever taken in Indian history by a Prime Minister in the social sector. Almost every Indian today has a roof over their head, water in the tap, a working toilet, access to electricity, food on the table, a gas stove, a mobile connection, a bank account with money, a road to the village, Internet connection, education for their children, and health insurance. No Prime Minister in India’s history has done as much for the poor as Narendra Modi has done in the last eight years.