" Be Good and Do Good "
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Jan Dhan Yojna generated 6000 crores of deposits, bringing a lot of money back into the economy. This also liberates poor from the claws of private money lenders.
Pension schemes for poor enrolls 12.5 lakh subscribers, accident insurance schemes for poor farmers enrolls 123 million subscribers, life insurance scheme enrolls 29.2 million.
Make in India - In terms of tangible investments, India already attracted $31 billion FDI (higher than China and USA) in 2015.
Make in India defense - India is one of the biggest importers of weapons, spending billions in the international market. But as part of Make in India, Defense Ministry approved $4 billion deals to purchase weapons produced in India.
India climbed 12 spots in ease of doing business global rankings,
India became the fastest growing economy in the world.
Making PSUs profitable - Air India became profitable for the first time in ten years, and BSNL witnessed highest growth in last five years.
Rural electrification - It is a huge success area for the present Government.
Clean energy - India added 2308 MW of wind power generation in 2016.
Nuclear deals - India signed strategic nuclear deals with Japan, Russia, Canada, Australia and France giving India access to nuclear fuel and technology.
Indian Railways is undergoing many reforms too. Bullet train is also required to be mentioned.
Brought transparency - Modi government made the auctions transparent.
Delivered One Rank One Pension to armed forces.
Initiated GST regime w.e.f 1st July, 2017.
These are some of the development activities of the present Government which readily come to my mind.
Beware! I question everything and everybody.
The Indian system traditionally not in favor of the girl child and women's participation in various fields was curtailed. The schemes that impressed me were the ones for education and welfare of the girl child (Beti Bachao, Beti Padhao Yojana, Sukanya Samriddhi Account) and empowerment of women in rural areas; this is a big step forward, a sign of true development of the country.
" Be Good and Do Good "
The development is directly related to the money earning activities of the country. The economic growth is indicated by the increase in GDP. According to reports the GDP in the last quarter was only 5.7% all time low in the last five years. According to economist, 1 per cent fall in annual GDP equals to loss of 1.5 lakh crore of national income and loss of millions of jobs. You can imagine the loss to economy. The loss was mostly due to slow down in unorganised sector and slowing down of manufacturing after demonetisation.
Make in india is also a failure since gross value addition (GVA) is halved. The only promising area in this seems to be defence production. This govt. gave 56 licenses to private companies to produce defence products. This has its own gestation period. Most of the products are going to be used for military. This production is going to be a very small percentage of whole volume of production sector. PSU banks are running in losses.
After the failure of demonetization, implementation of GST has added to decelerate the economy. This has been accepted by a senior BJP leader and former finance minister.
It can be concluded that there has been no development since 2014. There are no signs of early recovery in near future. I think the govt. will continue squeezing the public by imposing various taxes. Petrol pricing, dynamic fare in trains, GST collection etc. are some of the examples.