Introduction The past 10 years under Prime Minister Narendra Modi saw a series of crucial economic reforms that include the Goods and Services Tax [1] and the Insolvency and Bankruptcy Code [2] around easing doing business; and the Jan Dhan Yojana [3] and the Direct Benefit Transfer [4] aimed at facilitating financial inclusion (see Table 1). Given the verdict and past track record, economic reforms are likely to continue through 2029. Table 1. Key Economic Reforms (2014-2024)
Authors
- Attribution
- Gautam Chikermane, “Consensus: A New Approach in Economic Reforms for Modi 3.0,” ORF Issue Brief No. 719 , July 2024, Observer Research Foundation.
- Pages
- 20
- Published in
- India
Table of Contents
- Abstract 2
- Gautam Chikermane 2
- Table 1. Key Economic Reforms 2014- 2024 3
- Introduction Introduction 3
- Introduction Introduction 4
- Enable not Stall the Rise of Wealth- and Job-creators 5
- Recommendations for Recommendations for 5
- Policy Continuity Policy Continuity 5
- Recommendations for Recommendations for 6
- Policy Continuity Policy Continuity 6
- Fig. 1. Four Decades of Jobs 6
- Deepen the Union-States economic partnership 7
- Table 2. The Ten Biggest States of India and their GSDP 7
- Recommendations for Recommendations for 7
- Policy Continuity Policy Continuity 7
- Recommendations for Recommendations for 8
- Policy Continuity Policy Continuity 8
- Continue to Lead Financial Reforms 9
- Fig. 2. Value of Monthly Transactions on UPI in INR crore July 2016 May 2024 9
- Recommendations for Recommendations for 9
- Policy Continuity Policy Continuity 9
- Fig. 3. The Rise of Systematic Investment Plans of Mutual Funds 10
- Recommendations for Recommendations for 10
- Policy Continuity Policy Continuity 10
- Recommendations for Recommendations for 11
- Policy Continuity Policy Continuity 11
- Recommendations for Recommendations for 12
- Policy Continuity Policy Continuity 12
- Conclusion Build a New Conclusion Build a New 13
- Economic Consensus Economic Consensus 13
- Table 3. Industrial Policies 1944-1991 14
- Conclusion Build a New Conclusion Build a New 14
- Economic Consensus Economic Consensus 14
- Conclusion Build a New Conclusion Build a New 15
- Economic Consensus Economic Consensus 15
- Endnotes Endnotes 16
- Endnotes Endnotes 17
- Endnotes Endnotes 18
- Endnotes Endnotes 19
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