Its impact on people’s lives
FinTech BizNews Service
Mumbai, 31 December, 2024: The Prime Minister, Shri Narendra Modi today acknowledged an insightful thread highlighting the profound impact of the past decade on people's lives. This retrospective showcases the transformative journey of the nation and its citizens.
Responding to a post on X by infoindata handle, Shri Modi wrote:
“An insightful thread, offering a glimpse of how people’s lives have been transformed over the last decade.”
Mapping India's Transformation Under Prime Minister Narendra Modi Since 2014, the Modi Government's policies have been focused on bridging the urban-rural divide. It began with PM Jan Dhan Yojana, which enabled over 54 Crore first-time bank account holders.
The Prime Minister, Shri Narendra Modi today highlighted that India is emerging as a global economic leader with resilience and innovation.
The Prime Minister’s Office handle in a post on X said:
“India is emerging as a global economic leader with resilience and innovation. It has redefined governance, advanced social progress and led a digital transformation. These efforts are shaping a future of growth and opportunity for all.”
India's journey as an economic powerhouse continues to capture the world's attention. Powered by a dynamic workforce, an entrepreneurial spirit, maturing capital markets, and a booming digital ecosystem, the nation has not only built a resilient economic model but has also emerged as a key player on the global stage. The year 2024 stands as a symbol to India’s remarkable achievements in economic resilience, strategic reforms, social development, and international partnerships.
A Rising Economic Superpower
India's economy has steadily gained recognition as a force to reckon with. According to Jefferies, India is on track to become the third-largest economy by 2027, a milestone driven by strengthening institutional frameworks and improved governance. Today, India is already the fifth-largest equity market, with projections suggesting that the nation will reach a market capitalization of $10 trillion by 2030. This upward growth underlines India’s transformation into an economic giant, fueled by strategic reforms and an unrelenting focus on innovation.
Governance Redefined: The PRAGATI Initiative
India’s governance model has also undergone a radical shift, setting benchmarks for proactive and accountable administration. The Pro-Active Governance and Timely Implementation (PRAGATI) initiative, backed by technology and the active involvement of PM Modi, has bridged long-standing gaps in federal and regional governance. India's journey as an economic powerhouse continues to capture the world's attention. Powered by a dynamic workforce, an entrepreneurial spirit, maturing capital markets, and a booming digital ecosystem, the nation has not only built a resilient economic model but has also emerged as a key player on the global stage. The year 2024 stands as a symbol to India’s remarkable achievements in economic resilience, strategic reforms, social development, and international partnerships.
A Rising Economic Superpower
India's economy has steadily gained recognition as a force to reckon with. According to Jefferies, India is on track to become the third-largest economy by 2027, a milestone driven by strengthening institutional frameworks and improved governance. Today, India is already the fifth-largest equity market, with projections suggesting that the nation will reach a market capitalization of $10 trillion by 2030. This upward growth underlines India’s transformation into an economic giant, fueled by strategic reforms and an unrelenting focus on innovation.
Governance Redefined: The PRAGATI Initiative
India’s governance model has also undergone a radical shift, setting benchmarks for proactive and accountable administration. The Pro-Active Governance and Timely Implementation (PRAGATI) initiative, backed by technology and the active involvement of PM Modi, has bridged long-standing gaps in federal and regional governance.
|PM Modi at the ‘PM Gati Shakti Anubhuti Kendra’
A collaborative study by Oxford University and the Gates Foundation highlights the success of PRAGATI in accelerating 340 stalled projects worth $205 billion. The initiative’s ability to fast-track critical projects after decades of delays exemplifies India’s commitment to efficient governance and accountability.
The Prime Minister’s Office handle on X said:
“Rising as a symbol of progress and resilience, India is earning global recognition for its economic progress, technological advancements and contributions to regional and global stability.”
