PM Modi's decisions changed the atmosphere, economic reforms led India towards self-reliance

India's Gross Domestic Product (GDP) was $2.04 lakh crore in the year 2014, which increased to $2.87 lakh crore by the year 2019. Although there has been a slight decrease in GDP due to the Corona epidemic, but in the current financial year 2022-23, India's GDP can cross $ 3 trillion. 

The implementation of GST, electrification of all villages, Jan Dhan Yojana, Make in India, Startup India, PLI Scheme, Bankruptcy Law, Ease of Doing Business, reforms programs like digitization are prominently included. Pradhan Mantri Jan Dhan Yojana has been launched for financial inclusion and 45.41 crore bank accounts have been opened under this scheme and Rs 1,67,145.80 crore has been deposited in them.

The advantage of Make in India and PLI scheme was that the export of goods started increasing. In the last eight years, exports of goods have increased by more than $100 billion. In the year 2013-14, exports were 312 billion dollars and in the year 2021-22 according to the RBI data was 421 billion dollars.

Preparations were already being made to make a scheme like PLI a success. GST was implemented in the year 2017. The implementation of GST has created an environment for global investment. The result was that in the year 2021-22, the highest ever Foreign Direct Investment (FDI) of $ 83.57 billion was received, whereas in the financial year 2014-15, FDI of only $ 45.15 billion came.