Has PM Modi Transformed India's Growth Trajectory in 11 Years?
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Synopsis
In a recent discussion, Gautam Singhania commended PM Modi for his significant contributions over the past 11 years, emphasizing India's robust consumption and the impact of GST reforms. As India positions itself as a global economic powerhouse, the future looks bright with a vision for unprecedented growth.
Key Takeaways
- Prime Minister Narendra Modi has significantly altered India's growth trajectory over 11 years.
- The middle class is a crucial driver of India's consumption story.
- Recent GST reforms have been transformative for essential goods.
- India's economy is projected to reach $30 trillion under the Viksit Bharat vision.
- Global challenges are being addressed through timely reforms.
New Delhi, Oct 17 (NationPress) Prime Minister Narendra Modi has achieved remarkable progress over the past 11 years, shifting India's trajectory significantly, according to Gautam Singhania, the Chairman of Raymond Group, who praised his efforts on Friday.
In an interview with IANS during the NDTV World Summit 2025, Singhania expressed his strong support for Modi Ji, asserting that the country has discovered its rightful position on the global stage under his capable leadership.
Singhania commended India's strong middle class and consumption capabilities, which he believes enabled the nation to thrive even amid the challenges posed by the COVID-19 pandemic.
He stated, "India's consumption narrative is robust, supported by a resilient middle class. While the world faced turmoil due to COVID, India managed to withstand the storm because of this strong middle class," Singhania emphasized.
He noted that during the pandemic, India's exports weren’t significantly high, yet the country persevered.
Such compelling consumption stories continue to propel India’s growth forward, he added.
Singhania also highlighted that the recent GST reforms introduced by the government, which have included essential goods in the lower tax category, are a transformative initiative that was necessary.
"The GST reforms announced last month are groundbreaking. We are already witnessing increased consumption, particularly in sectors like white goods and automobiles," he remarked.
He further asserted, "These timely GST reforms were essential and have been executed effectively."
The Chairman of Raymond Group mentioned that these reforms could mitigate the concerns arising from US tariff hikes.
"To a significant degree, these reforms will counterbalance the tariff challenges, and I commend the government for their efforts," he concluded.
In a related note, Sachin Jain, Regional CEO India of the World Gold Council, stated that India is genuinely at the forefront of growth, and it is a privilege to be part of this extraordinary nation at this time.
He remarked to IANS that India ranks as the fourth-largest economy globally, while also being the fastest-growing.
Jain predicted that the upcoming two decades will witness unprecedented developments in the country.
He underscored that the Prime Minister's Viksit Bharat vision aims to elevate India to a $30 trillion economy, allowing every Indian to spend and invest between $12,000 to $15,000 annually.
Point of View
It is crucial to acknowledge the substantial changes India has undergone in the past decade. Under Prime Minister Modi's leadership, the focus on economic reforms and strengthening the middle class demonstrates a commitment to sustainable growth. This approach aligns with national interests and positions India favorably on the global stage.
NationPress
19/10/2025
Frequently Asked Questions
What are the key achievements of PM Modi in the last 11 years?
PM Modi has implemented various reforms, including GST reforms, which have significantly impacted India's economy and consumption patterns.
How has India's middle class contributed to its growth?
India's resilient middle class has played a vital role in sustaining consumption, even during global crises like the COVID-19 pandemic.
What is the significance of the GST reforms?
The recent GST reforms aim to lower taxes on essential goods, stimulate consumption, and counteract global tariff challenges.
What is the vision for India's economy in the coming decades?
The Prime Minister's Viksit Bharat vision aims to transform India into a $30 trillion economy, enhancing living standards for every citizen.
Who is Gautam Singhania?
Gautam Singhania is the Chairman of Raymond Group and a prominent supporter of PM Modi's leadership.
