Bengaluru: Listing out the central government’s achievements in last 8 years comparing to the policy paralysis and scam-hit UPA government’s, Union Cooperation Minister Amit Shah on Thursday said the policies of Prime Minister Narendra Modi are showing results that are reflected in India’s several achievements including 7.4 percent GDP recorded this year, which is much higher than many developed countries including US and Germany.
“Under the leadership of Narendra Modi, the nation’s GDP growth in 2022 is 7.4 percent, which is much higher than many developed countries. This shows that our policies have been successful and are showing results,” he said addressing the Sankalp Se Siddhi Tak programme organised by CII.
Shah said when Modi took over as the PM in 2014, there was policy paralysis and scams of Rs 12 lakh crore were making headlines. “Crony capitalism was at its peak, the fiscal deficit was out of control, the ease-of-doing business was going downhill and our prestige in the world was waning. In such a situation, the people, making a historic decision, elected Shri Modi as the Prime Minister and after 30 years, a decisive government with an absolute majority came to power,” he said.
Looking at the journey of the last 8 years, India today has become the fastest growing economy as a record Rs 1.68 lakh crore GST revenue has been generated in April this year through the successful implementation of GST.
For social and economic infrastructure, the centre decided to spend Rs 100 lakh crore, build 11 industrial corridors and create 32 economic investment zones, Shah said.
“A large population is a market and a market is created when the country’s growth is symmetrical to it. India’s population was 130 crore and the market was 800 crore people, because the rest of the people did not have the ability to buy. An individual’s priority was to take care of his family.
“When 130 crore people together contribute to the economy, then our power becomes huge. Shri Narendra Modi has given a human face to the economy and the GDP. Shri Shah said that for the last 8 years, pure drinking water to every household has been provided and people have been freed from worries about the health of their family,” he said.
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