PM Narendra Modi's contributions to Indian Economy in on next level - TONTUF Money

Narendra Modi has been the Prime Minister of India since 2014. During his tenure, he has implemented a number of economic reforms that have had a significant impact on the Indian economy. Some of his most notable contributions include:

• Increased foreign direct investment (FDI). Modi's government has made it easier for foreign companies to invest in India, and as a result, FDI inflows have increased significantly. In 2014, FDI inflows were $36 billion. By 2022, they had increased to $68 billion. This has helped to boost economic growth and create jobs.
• Launched the Make in India initiative. This initiative aims to promote manufacturing in India and attract foreign investment in the manufacturing sector. As a result of this initiative, there has been a significant increase in the production of goods in India.
• Introduced the Goods and Services Tax (GST). The GST is a single tax that replaced a number of different taxes on goods and services. This has simplified the tax system and made it easier for businesses to operate. The GST has also helped to boost tax revenue.
• Implemented digital payment reforms. Modi's government has made it easier for people to make digital payments. This has helped to reduce the use of cash and boost financial inclusion.
• Improved infrastructure. Modi's government has invested heavily in infrastructure, such as roads, railways, and ports. This has helped to improve connectivity and boost economic growth.

These are just some of the contributions that Narendra Modi has made to the Indian economy. His economic reforms have had a positive impact on the country's growth and development.

In addition to the economic reforms mentioned above, Modi's government has also implemented a number of social welfare programs, such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Kaushal Vikas Yojana (PMKVY), and Pradhan Mantri Ujjwala Yojana (PMUY). These programs have helped to improve the lives of millions of Indians.

Overall, Narendra Modi has made significant contributions to the Indian economy. His economic reforms have helped to boost growth, attract foreign investment, and improve infrastructure. His social welfare programs have also helped to improve the lives of millions of Indians.