IBC And GST To Farm Laws And NEP, Narendra Modi Is Reformist Prime Minister

 IBC And GST To Farm Laws And NEP, Narendra Modi Is           Reformist Prime Minister

By Gopal Krishna Agarwal,

Prime Minister Narendra Modi’s 20 years in public life. In the last two decades, from being a hard-working chief minister, he has gone on to become a towering global personality. He has become the longest-serving head of an elected government, fourth longest-serving Prime Minister and the longest serving non-Congress Prime Minister of India. During 2001 to 2014, he served 4,607 days as the chief minister of Gujarat. He was elected as the 14th Prime Minister of the country in 2014 and since then he has been in office. He enjoys mass appeal like no other leader, neither in the party nor in the country.

When he took the baton of Gujarat in 2001, the state was ruined by a devastating earthquake and then struggling with economic disruption due to communal violence in 2002. To revive the state, he conceptualized and held a state-level conclave ‘Vibrant Gujarat Global Investors Summit’ (VGGIS) in 2003 to attract investment and to build investors’ confidence. The result of the efforts made by him was that Gujarat registered an impressive double digit growth during 2004-05 to 2011-12. The growth rate peaked at 15 per cent in 2005-06. According to IBEF, Gujarat is one of the high growth states and a leading industrialized state in the country. It is estimated that Gujarat’s GDP will grow by 7 per cent YoY and will reach at Rs 18.80 lakh crore in FY22.

The Gujarat development model has always been a subject of discussion. The Gujarat model made such a splash in the 2014 General Election to the Lok Sabha that it pushed Modi to the pinnacle of power. As in Gujarat, Modi found the Indian economy too in a dilapidated condition. In 2014, our economy was bracketed with the worst performing economies. The economy was going through challenging times that culminated in lower than 5 per cent growth of GDP at factor cost at constant prices for two consecutive fiscals – FY13 and FY14. Wholesale price index inflation in food articles that averaged 12.2 per cent annually during 2008-09 to 2013-14 was significantly higher than non-food inflation.