Page 100 - Viksit Bharat Ka Amrit Kaal Seva, Sushasan, Garib Kalyan Ke 11 Saal

World’s fastest growing since the pandemic started encouraging states to
major economy – why has turned adversity voluntarily undertake
growth is not just a number into opportunity. reforms, by incentivising
• There is a global • All economic indicators them.
consensus that India pointing towards India’s • Reforms have protected
will remain the world’s economic resurgence. the interests of all
fastest growing major • From MSMEs to MNCs, stakeholders.
economy. all firms have witnessed
• High growth will lead expansion in output Building a better economy
to greater resources and contributed to a • Introduction of Goods
for the government and historic rise in services, and Services Tax (GST)
allow further expansion manufacturing and has led to greater
of welfare schemes and exports. formalisation.
infrastructure projects. • Hiring sentiment at an • Sharp decline in NPAs
• High growth leads all-time high in many and economic offences
to the creation of sectors, ensuring growth due to strict action by the
new employment converts to jobs. government for recovering
opportunities. dues.
• New opportunities lead to Reforms by conviction and • IBC has salvaged the
a steady rise in incomes consensus situation for the Indian
and distribution of • PM Modi has started a banking and corporate
benefits of growth to new trend of reforms by sectors.
every section of society. conviction and consensus • India is rapidly
by personally pushing transforming into a
Aatmanirbhar Bharat: many structural ‘Digital Economy’.
turning adversity into reforms at a difficult
opportunity stage. * * *
• Robust economic • Cooperative federalism
management by PM Modi means the Centre is

Creating a base for ‘Growthade’

• Indian corporates raised an all-time high of ƥ1,62,387 crore through IPOs in 2024-25.
• National highways increased from 91,287 km in 2014 to 1,46,204 km till March 2025
• There are 160 operational airports in the country, which include 145 airports, 02 Water
aerodromes and 13 Heliports as of March 2025.
• Extension for availing 15% tax rate for new manufacturing units till 2024, and tax
incentives by a year for start-ups, will give a boost to sectors that have flourished in the
last few years and created jobs
• Scheduled Commercial Banks (SCBs) gross non-performing assets (GNPA) ratio fell to a
12 year low of 2.6% in December 2024

92 Viksit Bharat ka Amrit Kaal- Seva, Sushasan, Garib Kalyan ke 11 Saal