Four Years of Modi Government


Ajit Kumar AJIT KUMARWISDOM IAS, New Delhi.


On May 26, 2018 Narendra Modigovernment completes four years in power. Some of the achievements as listed by Prime Minister :



1. Stringent Action Against Coruption
Narendra Modi government claims to have taken stringent action against coruption and black money. Recalling his historic announcement on demonetisation of all 500 and 1000 rupee notes to crack down the flow of black money, PM Modi said that that at present the nation is going from 'Kala Dhan' to 'Jan Dhan' i.e. from bad governance to good governance.
 
The government also claimed that legislations such as the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act and the Benami Property Act were brought in to avoid corruption. 


2. Transforming India into a Global Growth Engine
According to the statistics put out by the Bharatiya Janata Party, India's GDP growth has seen a stupendous growth of 31 per cent as compared to that of the world (four per cent) over the past years.

3. Jan Dhan Yojana
Prime Minister Narendra Modi annonced his ambitious Pradhan Mantri Jan Dhan Yojana or the prime Minister's People's Welfare Scheme on his first independence speech on 15 August 2014. Four years later, the Prime Minister took immense pride in his government for opening 31.52 crore Jan Dhan accounts over the past four years to serve the banking needs of the poor.

4. Pradhan Mantri Ujjwala Yojana (PMUY) 
Under this scheme more tham 3.8 crore Below Poverty Line  (BPL) families were given free LPG connections. 
 

5.  Electrification of villages
The government launched the Deen Dayal Upadhyaya Gram Yojana (DDUGJV) on July 25, 2015. Today, thanks to the successful implementation of the scheme, no village in India is in darkness. Also the SAUBHAGYA scheme launched by the government ensured that every household is electrified.No village in India is now in darkness.
 

6. Sanitisation facilities
Heralding a revolution in sanitisation- this was a prime motive of the Modi governement when it ascended to power in 2014.  Under the Swachh Bharat Mission, over 7.25 crore toilets were built. During the past four years the sanitation coverage in the country went up from 38% in 2014 to 83% in 2018.
 

7.  Welfare of farmers
For the welfare of the farmers, the government implemented a "mutli-faceted focus" on doubling farmers' income, besides distributing 12.5 crore soil health cards and insurance under the PM Fasal Bima Yojana at nominal rates, according to the BJP
 

8. Improved infrastructure, transport facilities
In the area of infrastructure, BJP said projects worth lakhs of crores of rupees were implemented "without a scam". This includes 53,000 km road worth Rs 5.35 lakh crore under the Bharat Mala initiative. The largest tunnel and the largest bridge in the country were built by the Modi government, which has also initiated bullet train project on Mumbai-Ahemdabad route. 
 

9. Surgical strikes
Addressing reporters on the occasion of the Modi government's fourth anniversary, BJP president Amit Shah said that through the 2016 surgical strikes conducted by the Indian Army across the Line of Control (LoC), the government exhibited its political willingness to take on the country's adversaries. "In a historic first, India carried out surgical strikes showing a new mettle", he said.
 

10. Better health facilities
According to amit Shah, ensuring affordable and quality healthcare across the country has been one of the campaign promises of the BJP government. Under Ayushman Bharat scheme, the government intends to provide health insurance to 10 crore families.
The government also launched Pradhan Mantri Surakshit Matritva Abhiyan scheme to ensure the good health of mother and child.


Other Achievements which may be added are-

Improved International relations

Foreign policy has been among the top achievements. Narendra Modi has often been criticized by the opposition for so many foreign tours. However, none of us can ignore the fact that his travels have made a lot of friends for the country. Be it about those warm hugs with Barak Obama or attending Ganga Aarti with Japanese PM Shinzo Abe, Narendra Modi has made friends with the biggest diplomats of the world. It is because of his dynamic leadership that UAE spoke openly against Pakistan sponsored terrorism. India has extended financial help to countries like Bangladesh, Nepal, and Afghanistan and that has resulted in increased regional influence. Also, launching the South Asian satellite will come a long way in India’s plans to become next Asian superpower.



The “neighborhood first” policy is the striking feature of Modi government’s diplomatic approach. In his government’s strategic imagination, India’s relations with neighboring countries must receive topmost priority. If India does not resolve its differences with its small neighbors, it will only pave the way for China to exert growing influence in the region.

Change in attitude on critical issues

Under the leadership of previous prime ministers, India was considered to be a defensive country with its focus on maintaining peace. Narendra Modi has shown a more aggressive way to deal with sensitive issues. 



Incidents like surgical strikes in Pak occupied Kashmir and destroying Pakistan bases give us a glimpse of it. Also, the government has come face-to-face with the Chinese government on various issues involving Arunachal Pradesh and Dalai Lama.

The last presidential elections in Sri Lanka were rumored to be influenced by Indian top leadership. Also, without caring for reactions, India has extended open support to Israel and both the countries are working together on a lot of deals involving defense and technology. Another such incident came at the time of recently concluded Doklam Standoff, where India showed its resistance and refused to give up against the Chinese pressure. This strengthened India’s international image and proved that India has now started to take its stand and the world and countries around India should be well prepared to involve India in any such issue from the next time.


Make in India & Digital India

Narendra Modi government has taken a lot of initiatives to directly impact the common people. Make in India was announced to make sure that MNCs start their plans in the country, resulting in generating employment and contributing to the economy.

Make in India has gathered a great momentum and many countries have signed deals with respective state governments and the central government to boost FDI and employment.

Also, initiatives like Digital India has paved a way for future and brought millions of citizens in the mainstream economy. Also, the promotion of e-ways, which promises broadband connectivity in all villages by 2020, will prove to be a great catalyst in the success in future.

Goods and Service Tax (GST)

Goods and Services Tax, termed as the biggest tax revolution since independence has finally been approved and will be implemented from July 1st. It paved the way of India being a single unified market.

Direct Tax Collection

The direct tax collection has steadily been rising in the country on the back of strict norms by the income tax department. The Crisil report states, “The government’s concerted effort at improving tax compliance, or bringing more people into the formal tax net, through steps such as the Income Declaration Scheme and demonetisation, seem to have had a positive impact, as reflected in increased direct tax compliance.

Crisil Report Data reveals that India’s current account deficit (CAD) has also halved in the past four years, compared with previous years. While the main reason is a decline in oil and commodity prices, successful efforts to curb gold imports has also helped the Modi government in moderating the current account deficit.

Special focus on rural India

Pradhan Mantri Ujwala Yojna has been one of the most appreciated schemes by the current government. The way central government involved the normal people by asking them to give up their subsidies to help the rural women with access to clean energy, has been widely appreciated. Also, schemes like Krishi Sinchai Yojna, Pradhan Mantri Awaas Yojna, and Sukanya Samridhi Yojna have been directly focused for the rural population to increase their standard of life.

Recently, the government has also announced the electrification of 100% Indian villages. Though, it has taken over 70 years since independence, it is no small feat, considering there were over 18,000 villages without electricity before Narendra Modi became the prime minister.

NITI Aayog

Modi government scrapped the planning commission and introduced Niti Aayog, which promises equal power to the states on matters of planning. Also, the government has scrapped five-year plans from 2017 and will now have 3-year plans and 15-year plans, with clear agendas and objectives. Niti Aayog calls for supporting entrepreneurs and MSMEs to boost the employment in all sections. Niti Aayog works as a corporate entity with a CEO and answerable representatives.

Important structural reforms include deregulation of petrol and diesel prices, further opening to foreign direct investment (FDI), shift to direct benefit transfers (DBT), the Goods and Services Tax (GST), Insolvency and Bankruptcy Code (IBC) and academic and administrative autonomy to top universities and colleges.
Despite their launch nearly three decades ago, reforms had left untouched the area of higher education. That too has been addressed now with the government giving unprecedented academic and administrative autonomy to our top universities and colleges. The reform will stimulate much needed competition among our academic institutions.



             Perception of Achievement not very Positive 

While government is euphoric about its achievements, the mood of the nation is somewhat sombre. According to RBI consumer confidence survey, the overall confidence of households regarding general economic situation, employment prospects, about their income and spending has faded awayin March 2018 over the previous quarter. Their expectations regarding the future course too aren’t very rosy.

GDP
In the four year period, the Indian economy recorded a 7.3 per cent average GDP growth. This includes a three-year low of 5.7 per cent in the first quarter of 2017-18.



However, despite India’s impressive GDP growth, not many households believe that economy has improved. In fact, the net opinion about the economy has been negative since March 2017, according to RBI consumer confidence survey.
But as far as the future direction of the economy is concerned, Indian households are optimistic, though there has been a drop in the level of optimism from the time of demonetisation.


Inflation
Inflation under Modi government declined. It came down to 3.6 per cent in FY18 from 9.5 per cent in FY14 on the back of low crude prices, a sharp fall in food inflation and prudent fiscal policy.

Despite a decline, most people believe that inflation has increased.


Employment
After declining to 3.39 per cent in July 2017, the monthly unemployment rate has risen steadily. In October 2017, it touched 5 per cent and rose to 6.1 per cent in February 2018, the highest monthly rate preceding 15 months, as per the data from the Centre for Monitoring Indian Economy (CMIE).

Employment prospects are a big worry for Indian households. Their opinion about their own employment prospects are at historic lows.
 

Fiscal Deficit of States
As per Crisil Report one of the low points has been the fiscal deficit of states which increased by the substantial percentage. According to the Crisil Report, “Average fiscal deficit for states increased to 3.2 percent between fiscal 2015 and fiscal 2017, from 2.2 per cent during the previous 5 years.” The reason for the rise in state deficit has been attributed to Ujwal DISCOM Assurance Yojana (UDAY) scheme for the restructuring of power sector debt.

Non-Performing Assets
But there are the couple of more factors that have been worrying for the government, as there has been a surge in non-performing assets in banking.

Investments
Investments have also remained weak. The investment rate has come down from an average 33.6 per cent between fiscals 2010 and 2014 to 31 per cent between fiscals 2015 and 2018, according to the Crisil report. The slowdown is largely attributed to lower household investments and subdued private sector investment due to poor capacity utilisation and debt overhang.
 

International Trade
Another  area in which the government has erred, however, is international trade. Decades of efforts to liberalise trade by governments led by both BJP and Congress have been reversed, with hikes in customs duties on a large number of products.

 




Monday, 28th May 2018, 12:50:11 PM

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