PM Modi's big decisions changed India. | Five great plans of Modi Government.

 

PM Modi's big decisions changed India:

You would often wonder what changes happened in India before 2014 and after 2014. What has happened is that before 2014 the image of the country was not good in front of the powerful countries and today India is standing in front of those powerful countries. 

What has happened that has made India the most powerful global economy since 2014? Many of you may say that we do not see anything like this. The opposition party of the country shows the shortcomings of the Modi government every day. How can we believe that the country is changing? 

This is correct. Although it is difficult to convince everyone, today we will tell you five such works of the Modi government, based on which people believe in the name of India not only in the country but also in foreign countries. India's GDP is the growing fastest in the world. 

Inflation in India has been coming down continuously for the last three months and is at a two-year low. Most importantly, there is no sign of recession in the Indian economy. Not only this, India's banking system has also become stronger than ever before. 

Now let us discuss one by one the five major changes that have taken place in the country after 2014. GST was implemented in the country about six years ago. Even though the government had to face criticism from the opposition and the general public for this in the initial years, at present this GST has a very important contribution in running the country's economy. 

If you understand in figures, for many months the GST collection is being seen as more than ₹ 1.40 lakh crore. This collection is more than ₹ 1.50 lakh crore in the last two months. In two months, the total collection from GST has reached around ₹ 3.40 lakh crore. If the GST collection continues for the entire financial year, it will range from about ₹ 17 lakh crore to ₹ 20 lakh crore. 

50% of the country's annual budget will be done from the earnings of this GST. By the way, there are still continuous improvements regarding GST and in the future, many more things can come under the ambit of GST like online gaming, etc. This means that the country's income will increase and your comfort will also increase. There will also be an increase in the country's infrastructure. 

Coming to the second decisions. PLI scheme i.e. Production Linked Incentive. You must have heard about it. PLI scheme has given a big boost to the manufacturing sector of India. May's manufacturing PMI was at a 31-month high. The biggest reason for this was the PLI scheme, due to which companies from Apple to Tesla were forced to do manufacturing in India only. 

With this scheme, along with increasing production in the country, there is also an increase in employment. Manufacturing packaging units are being set up in different parts of the country. An incentive of $10 billion has also been given to the country to put it on the world map as a semiconductor maker. Apart from this, incentives are being announced to increase manufacturing in other sectors like electrical vehicles as well. 

Now let's talk about the most important change. This change has made the work of every common and special people in the country very easy. We are talking about the UPI system. UPI has changed the way of making payments in the country. If we understand the figures for UPI transactions, then in May, the UPI transactions in terms of value were ₹ 14.3 trillion. 

While in terms of volume, it was 9.4 billion, which is 6% more than in April. That is, it is increasing every month. There is an increase in this. Apart from this, a slight increase is also being seen in IMPS and RTGS. Common people have shifted from cash transactions to digital transactions, which is a very good sign for the country's economy. 

Now let's talk about Gati Shakti Yojana, this scheme has also played a very strong role in boosting the economy. Under this, infrastructure is being created to improve connectivity with the 100 lakh crore mega plan, which is expected to improve logistic efficiency in business.

Employment opportunities are also being created on a large scale with this master plan. Not only this, there is a reduction in the logistic cost. Improvement will be seen in the supply chain and the end it will benefit the general public. 

Now let's talk about the banking sector. India's banking sector has been one of the biggest beneficiaries under the Modi regime. There is a reason for that too. In the first term of the Modi government, all the banks of the country were suffering from NPAs, so getting them out was a big challenge before the Modi government.

The Modi government adopted the formula of 4R i.e. Recognition Recapitalization, Resolution, and Reform to fix the banking sector. The government put forward the Insolvency and Bankruptcy Code also, which helped the banks to recover their loans. The capital was also given to strengthen the banks. Due to all these reforms, the NPA came down to 2% by FY2023.

On the other hand, banks were also merged to strengthen the government banks. The government is also planning to privatize some banks, and all these reforms are finally reaching the common people. Now, if you want, you can see this reform by linking it with the progress of the country, and if you want, you can also sit with your eyes closed, the decision will be yours.