Stories
Modi's Vision: Architecting a New India Through Economic and Institutional Transformation
M
Moneycontrol•17-09-2026, 13:40
Modi's Vision: Architecting a New India Through Economic and Institutional Transformation
- •India has undergone significant economic and institutional transformation over the past 12 years, marked by infrastructure development, manufacturing growth, and digital adoption.
- •Prime Minister Narendra Modi's leadership has focused on scaling ambitions, simplifying business processes, and implementing reforms like GST and the Insolvency and Bankruptcy Code.
- •The 'Make in India' initiative and Production Linked Incentive (PLI) schemes have boosted manufacturing, attracting investments and creating jobs across various sectors.
- •Technology, particularly Digital Public Infrastructure (DPI) like Aadhaar, Jan Dhan, and UPI, has been central to financial inclusion and economic strategy, transforming small transactions.
- •India's foreign policy under Modi has expanded global relationships, amplified the voice of the Global South, and pursued confident economic diplomacy to integrate into global supply chains.
Key Questions Answered
By March 2026, India's Production Linked Incentive (PLI) schemes across 14 sectors had attracted more than ‹2.40 lakh crore of actual investment. These schemes generated production and sales exceeding ‹22.66 lakh crore and supported more than 14.15 lakh direct and indirect jobs.
Unified Payments Interface (UPI) transactions in India have experienced massive growth, rising from 1.78 crore transactions in FY 2016–17 to more than 24,000 crore transactions in FY 2025–26.
According to estimates released by the Ministry of Statistics and Programme Implementation (MoSPI), India's GDP expanded by 7.7% in FY26, accelerating from the 7.1% growth rate recorded in FY25.
