The Making of New India: Modi 2.0
The comeback of PM Narendra Modi with a resounding mandate in 2019 General Elections, clearly depicts the quench for Nationalism played a vital role in his inevitable victory.
His slogan of National Security blended with latent Hindutva Extremism perhaps paved way to his mighty return.
Revisiting 2014 Victory
Policy Paralysis
Although Manmohan Singh Govt introduced a series of public welfare schemes MGNREGA 2005 as a Right to Work, Right to Education Act 2009;
the Global Recession and uprising activism stagnated the implementation of being various policies.
With rising inflation, falling GDP that fuelled unemployment rates, India's economic growth faced a massive stunt.
Anti-Corruption Agenda
Veteran Gandhian Anna Hazare's anti-graft campaign for an ombudsman, Lokpal mobilized masses against the then UPA Government.
UPA's failure to address this battlecry slid its growth substantially.
The 2G Spectrum scam, Commonwealth Games scam, Coal scam, VVIP Chopper scam, Adarsh scam, Cash for Vote initiatives added more fuel to the fire.
Battle for Development
India, hence geared up for a new structural and political change which promises inclusive economic growth.
The efficient use of latest information technology in 2014 campaigns, live feed of roaring rallies had galvanized the public towards the then opposition party BJP.
By 2014, India witnessed a new wave of right-wing supporters that strongly backed the candidature Narendra Singh Modi.
Emerging Youth Aspiration
The flagship scheme of UPA, Mahatma Gandhi National Rural Employment Generation Act (MGNREGA) 2005 is criticized as insulting youth.
They feared it invariably broke their hardship pattern.
The compelling bribes, unpaid incentives, inadequate execution stirred up the anxiety of youth. An evaluation under World Criticism Report 2011 stated that the programme has been failing despite maximum fund allocation and assuring job credibility.
The rationale behind Modi's Resurgence 2019
After an unparalleled Five Year Strategies, most parts of India had high hopes with his prime- ministership.
Make in India
The ‘Make in India’ initiative aims to infuse entrepreneurship in India along with various sectors. De-licensing and de-regulating the industry are the prime factors to ease business environment. In 2019, India stands at 77 in World Bank’s Ease of Doing Business, fetching more conducive environment to start a business and its effective operation.
Integrated Tax Regime
Goods and Services Tax is a comprehensive, multistage, destination-based tax system that aims to subsume most of the indirect taxes.
By 2016, this invariably allured the votes of industrialists and almost 5.2 core tax-filers in India.
Fugitive Economic Offenders Act 2018
The bill empowers enforcement agencies to declare an economic absconder as FEO till he/she appears before the jurisdiction of the law.
It also encourages banks to achieve higher recovery from the offenders.
Banking Reforms
Demonetization
In spite of oppositions, the launch of Demonetization on Indian Monetary System is claimed to curtail the shadow economy and reducing the illicit use of money to fund illegal activity and terrorism.
The Insolvency and Bankruptcy Code 2016
The banks inherited Balance Sheet Syndrome and Non-performing Assets due to poor credit policies and improper monitoring. The inception of The Insolvency and Bankruptcy Code by the Joint Committee of Parliament gives access to creditors/borrowers to approach National Company Law Tribunal for any litigation process.
Direct Benefit Transfer 2013
A new mechanism of transferring subsidies directly to people's bank accounts.
The Trinity JAM 2014
Although initiated by the UPA government, it was effectively conceived under PM Modi's leadership.
The Jan-Aadhaar-Mobile scheme has become a unique irreversible financial inclusion programme that promotes affordable access to financial services such as credit, remittance in bank accounts, insurance, pension etc.
One of the salient structural reforms he executed is replacing Planning commission with NITI Aayog.
And a plethora of schemes for doubling farmer's income by 2022, Housing for All, Clean India and the world's largest healthcare scheme 'Ayushmann Bharat' and many more branded Modi to another level of the hierarchy.
The Road to New Inclusive India
India is all set to host and taking over the presidency of G20 Summit in 2022 under PM Modi. The pathway for 'Inclusive India' that could lead India to a powerful regional and global power includes:
*Strong National Security
* Good Employment Opportunities
* Advanced State of Affairs with effective political reforms.
* Social and Economic Transformation
* Effective Foreign Policy Agenda
Despite distressing farmer's community, religious intolerance, campaigning against liberals, PM Modi's impeccable political and structural reforms guaranteed a brighter India, as he claimed, winning people's hearts should be the constant endeavour, all 365 days a year!
