Amit Shah Hails 11 Years of Modi Government as "Golden Period"
Union Home Minister Amit Shah described the 11 years of the Modi government as a "golden period" of resolve and public service. Marking the first year of PM Modi's third term, Shah stated that India is rapidly progressing towards development and self-reliance through reform, perform, and transform. He highlighted achievements in economic revival, social justice, cultural pride, and national security, asserting the journey to make India "number 1" continues.
Unpacked:
The Modi government points to high GDP growth rates—8.2% in FY2023-24, and a projected 6.4–6.8% in FY2024-25—along with increased foreign direct investment (FDI), rising per capita income, growth in exports, infrastructure expansion, and improved financial regulation as major achievements supporting India’s rapid development trajectory.
Critics highlight concerns such as uneven economic growth, persistent unemployment, wealth inequality, and questions about the sustainability of high growth rates. There are also debates over the actual impact of reforms on marginalized communities and whether the benefits of growth are broad-based.
India is currently the world’s fastest-growing major economy, with an 8.2% growth rate in FY2023-24, outpacing other large economies. Its consistent expansion has allowed India to maintain its position as the world’s fifth-largest economy, closing the gap with Germany, which is currently fourth.
‘Self-reliance’ refers to reducing dependence on foreign imports, strengthening domestic industries, and promoting local innovation. Initiatives include the ‘Atmanirbhar Bharat’ (Self-Reliant India) campaign, manufacturing incentives, infrastructure investments, and policies supporting local startups and technology development.