Modi's 11 Years: India's Economic Transformation and Future

India has undergone a significant transformation over the past 11 years under Prime Minister Narendra Modi, redefining its development model and global standing.

The nation is on the cusp of becoming the fourth-largest economy, projected to surpass Japan and potentially Germany in the coming years. This progress is underpinned by economic reforms, infrastructure expansion, and the development of digital public goods.

These advancements have not only strengthened India's economic foundation but also improved the lives of millions of its citizens.

Top 5 Key Insights:

Economic Growth and Stability: India's average growth since 2014 has been 6.4 percent, accelerating to 7.4 percent in the latest quarter, demonstrating resilience and sustained momentum.

Inflation management has improved markedly, decreasing from 9.4 percent in 2013-14 to 4.6 percent, providing stability for households and businesses. This economic stability is crucial for long-term planning and investment, fostering a conducive environment for growth.

Infrastructure Development: National highways have expanded from 91,287 km in 2014 to 146,204 km in 2024, with construction speed increasing from 12 km/day to 34 km/day. Nearly four lakh km of rural roads have been built, bringing 99 percent of rural India into the national network, supporting rural mobility and economic inclusion. This infrastructure boost enhances connectivity and supports economic activities across the country.

Railway Network Expansion: A total of 25,871 route kilometers (RKM) of new railway tracks were laid, significantly higher than the 14,985 RKM added in the previous decade. India now leads the world in locomotive manufacturing, producing 1,681 locomotives in 2024-25, exceeding the combined output of the US and Europe. The expansion and modernization of the railway network improves transportation efficiency and supports industrial growth.

Poverty Reduction and Social Development: Official data indicates that 17.1 crore people have been lifted out of poverty during this decade. The poverty rate has fallen from 29.17 percent in 2013-14 to 11.28 percent in 2022-23, with further declines being reported. This significant reduction in poverty reflects the positive impact of economic policies and social development programs.

Digital Public Goods: The creation and expansion of digital public goods have played a crucial role in India's transformation. These digital infrastructures have enhanced service delivery, improved governance, and promoted financial inclusion. By leveraging technology, the government has been able to reach more citizens and provide essential services more efficiently.

Expert Insight:

Harsh Pati Singhania, Indian Express: "India, today at $4.2 trillion GDP, is on the threshold of becoming the fourth-largest economy, surpassing Japan and expected to overtake Germany to be the third-largest in the next few years. This is underpinned by a significant transformation across various dimensions under the leadership of Prime Minister Narendra Modi in the last 11 years (2014-25)."

Wrap-up:

India's journey over the past decade showcases a remarkable transformation driven by strategic investments and governance reforms. The focus on economic strength and digital progress has laid a solid foundation for future growth. To sustain this momentum, agility in policymaking, a commitment to sustainability, and deeper integration into global supply chains are essential.

Author Bio:

Arjun Kapoor has dedicated 13 years to exploring scientific breakthroughs, national security matters, and agricultural developments. His reporting bridges the gap between complex research and everyday implications for citizens.

Citations: 11 years of Modi government: The transformation and the road ahead