Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Top News
Top News

India's Economic Growth Under Modi's Leadership

Children from impoverished families play in their village on the outskirts of Samastipur, in Bihar, on May 12, 2024. Even as India's millionaires multiply, nearly 90% of its 1.4 billion population ear

Narendra Modi, the current Prime Minister of India, has been in power for a decade, focusing on transforming the country's economy. Under his leadership, India has experienced significant economic growth, with a booming stock market and infrastructure development. However, challenges remain, including high unemployment rates and persistent poverty affecting a large portion of the population.

Modi's Bharatiya Janata Party has maintained popularity since his election in 2014, with promises to modernize the economy and tackle corruption. While the economy has grown by 7% and welfare programs have been expanded, there is a growing disparity between the wealthy and the poor.

Despite the government's efforts to provide subsidies and cash transfers to alleviate economic distress, experts argue that more investment in health and education is needed to address long-term inequality. Many Indians, particularly those in rural areas, continue to struggle with low-paying jobs and limited access to essential services.

India experienced significant economic growth under Modi's leadership.
Modi focused on transforming India's economy during his tenure.
Challenges include high unemployment rates and persistent poverty.
Bharatiya Janata Party promises to modernize the economy and tackle corruption.
Growing disparity between the wealthy and the poor is a concern.
Opposition led by Congress party is focusing on the jobs crisis.
Unemployment rates, especially among youth, remain high.
Debate over wealth distribution and job creation is central to the election campaign.
More investment in health and education is needed to address inequality.
Election will be crucial in determining India's future direction in addressing economic challenges.

The opposition, led by the Congress party, is focusing on the jobs crisis to challenge the BJP's dominance. Unemployment remains a major concern among voters, with youth unemployment rates higher than the global average. Both parties are pledging to create more employment opportunities, especially in sectors like construction and manufacturing.

While Modi claims to have lifted millions out of poverty, critics point to the widening wealth gap as a pressing issue. The debate over wealth distribution and job creation is central to the ongoing election campaign, with voters expressing concerns about economic opportunities and income inequality.

As India grapples with economic challenges and social disparities, the upcoming election will be crucial in determining the country's future direction in addressing these complex issues.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.