Page 10 - NIS English 16-31 May 2023

Sankalp

Shakti of years

MY COUNTRYMEN ARE

THE GUARANTEE OF

A GRAND INDIA

- Narendra Modi, Prime Minister

he rate of growth and expansion of the economy is one
indicator to gauge the direction of change in the country
today. The way the economy is changing today can
Tbe gauged by the fact that it took 60 years for India to
become a $1 trillion economy, and by 2014, it had managed to
become a $2 trillion economy. This equates to a $2 trillion-dollar
economy in seven decades. However, in just nine years of our
government, the Indian economy has grown to three and a half
trillion dollars.In the last nine years, India's economy has made a
huge jump from number 10 to number 5. All this has happened
in the midst of the biggest crisis in 100 years. In the period when
the big economies of the world were stuck, India came out of the
crisis and is moving forward at a fast pace.
The result of any policy can be seen in three stages. The first
and natural result of any policy starts appearing in a short time.
But the effects of the second and third phases are deep and
far-reaching. To understand this, it becomes necessary to do a
comparative study of the past. If we look at the earlier period,
Today, the poorest of the poor
the economic policies of Licence Raj were implemented after
have got the assurance that they
independence, when the government became the controller and
will definitely get what is due to
the environment of competition had ended. As a result, private
them, and I believe that this is
industry was restricted to the level of MSMEs, and India remained
social justice in the truest sense.
backward and poorer than other countries around the world. At
There are many such schemes,
the second level, the impact of those policies became even more
and they have had a huge impact
profound because consumption remained extremely low. As a
on reducing poverty in India.
result, the manufacturing sector suffered. The third effect was
Because of such schemes, India
that the country could not create an environment conducive to
is on the verge of ending extreme
innovation. As a result, no private sector jobs were created, and
poverty despite the pandemic,
the youth became increasingly reliant on government jobs.
and that is the change. But in 2014, when there was a change in the country, there was
a change in the thinking and working style of the government,
- Narendra Modi, Prime Minister
in accordance with the expectations of the people. Whatever
8 New India Samachar May 16-31, 2023