How can I understand Modinomics by seeing a few examples?
PM Modi took aim at the congress in the Parliament for allegedly damaging the image of Hindus by coining the term ‘Hindu rate of growth’, which he said referred to India’s slow economic progress under previous regimes. Addressing the Rajya Sabha during a debate on 6 February 2025, he declared that the BJP-led NDA government’s model of ‘Sabka Saath, Sabka Vikas’ has the people’s mandate because it prioritises ‘nation first’. Modi accused the congress [arty of ‘lies, corruption, nepotism, and Muslim appeasement’, suggesting that the party has never grasped the concept of inclusive governance due to its devotion to one family. He slammed the congress for repeatedly fooling voters with unfulfilled promises while practicing appeasement politics for small groups at the expense of others. PM Modi recalled past incidents to illustrate what he called the Congress’ disregard for the Constitution and freedom of speech. He highlighted the Emergency of 1975–77 and incidents such as bans on artists like Majrooh Sultanpuri and Kishore Kumar for criticising the government. Modi said that had the congress truly respected Dr B.R. Ambedkar, it would not have delayed giving him the Bharat Ratna and would have supported the Uniform Civil Code as mentioned in the Constitution. Modi also alleged that the congress fostered caste divides. He pointed to his government’s constitutional status for the OBC Commission and cited the introduction of a 10 per cent reservation for the economically weaker sections as an example of socially equitable policy. Stressing that Dr Ambedkar envisioned economic empowerment for Dalits, he credited the Mudra Yojana and Stand-Up India schemes for helping lower-income groups start their own businesses. PM Modi claimed 25 crore people have been lifted out of poverty. He cited the completion of previously stalled projects, calling earlier congress-led administrations a model of delay. He urged the opposition to work on extending their own lines rather than shortening others’ and to embrace a more constructive role in governance.
Modi government sets lofty targets and achieves them. Modi government set 20% ethanol blending (E20 petrol) target in 2018 and to be achieved by 2030. The government achieved this 5 years ahead of target ie. In 2025. This led to reduction of foreign exchange loss, extra money to Indian farmers and reduced vehicular pollution. Ethanol blending in petrol in 2014 was only 1.5%. This is an example of Modinomics.
Another big announcement green energy initiative. PM Modi promised at global event COP26 Summit in Glasgow, UK that India would achieve 50% of non-fossil fuel electricity generation by 2030. India achieved this target by July 2025 and thus reduced pollution. This target was achieved 5.5 years ahead of deadline. In 2014, India was importing 90% solar panels with no domestic manufacturing of solar cells, ingots etc. From just 2.3 GW in 2014 to around 122 GW solar panels are made today by end of calendar year 2025. The current solar cell production capacity is 25 GW and ingot production capacity is 2 GW and rising rapidly to achieve cheaper solar power ecosystem in India. The rise of solar industry is so rapid that there is now a concern of overcapacity. This kind of overcapacity issue happens only in China and India only suffered shortage of products since independence due to faulty and myopic ‘license and permit raj’ system and over dependence on nationalisation of industries.
AI generated image of PM Nehru and Modi with bullet train in background
Modi era saw India emerge fastest growing economy while Nehru era saw the slowest growth
Picture source: Google / Respective rightful owner
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