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Golden era of economic reforms & trade empowerment led by PM Modi: Khandelwal
Jun 11, 2025 01:22 pm
By
infodivyadelhi

Divya Delhi: The Modi Government completes 11 years of revolutionary government, India may be proud of its extraordinary trade, commerce, and economic prosperity. Shri Praveen Khandelwal, MP, called this a “golden era of economic reforms, trader empowerment, and inclusive growth and on the other hand no stone is unturned in protecting consumer rights in the Country”. “India has become a global economic power in the past 11 years under Prime Minister Shri Narendra Modi's visionary leadership. GST, Insolvency and Bankruptcy Code, Digital India, and National Skill Development Mission provide business transparency and ease. The nation's economic plan now prioritizes traders and small businesses.” Shri Khandelwal said regulatory and procedural simplification helped India rise 79 places in the World Bank's ease of doing business index from 142nd in 2014 to 63rd in 2024. UPI, which processes over 14 billion transactions every month, has transformed retail payments and allowed even the smallest retailers to go digital. India is the biggest real-time payments market. Over 43 crore MUDRA loans worth ₹25.75 lakh crore have been approved, fostering grassroots self-employment. Startup India has over 1.25 lakh startups, making it the 3rd largest startup ecosystem. Mr. Khandelwal stated India's 2023–24 exports of $778 billion (goods + services) were the biggest ever, demonstrating a strong and diverse export base. The PLI (Production Linked Incentive) plans are investing ₹1.97 lakh crore in 14 important industries to increase domestic production and decrease import dependence.Prime Minister Gati Shakti mapped over 16,000 infrastructure projects to improve connectivity and logistics. Bharatmala and Sagarmala are renovating India's roadway and port networks, cutting logistics costs by 4% of GDP. GST replaced 17 taxes and 23 cesses, creating “One Nation, One Tax, One Market.” Regular GST collections exceed ₹2 lakh crore per month, suggesting strong compliance and formalization with 16.4% year-on-year growth. Shri Khandelwal said, “Prime Minister Modi’s vision of ‘Vocal for Local’ and ‘Self-Reliant India’ has given Indian traders a new identity. From Chandni Chowk to Chennai, lakhs of tiny enterprises confidently support India's global goals.”Despite global disruptions including the COVID-19 pandemic, the Russia-Ukraine conflict, and supply chain bottlenecks, India was the world's fastest-growing major economy in FY 2023–24, with GDP growth of 8.2% led by consumption, investment, and resilient domestic demand. For me, these 11 years are the start of India's golden century. Shri Khandelwal stated that PM Modi is on pace to make India a $5 trillion economy by 2027 and a worldwide trade and policy Vishwaguru.