What Landmark Initiatives is PM Modi Driving for India’s Growth?

New Delhi, Aug 19 (NationPress) Prime Minister Narendra Modi on Tuesday showcased the government’s significant initiatives, including the National Critical Minerals Mission, Mission Sudarshan Chakra, Viksit Bharat Rozgar Yojana, and National Deep Water Exploration, which are propelling India towards becoming the fastest-growing economy and achieving the vision of 'Viksit Bharat'.

The Prime Minister’s remarks on the X social media platform were in response to an article by Minister of Petroleum and Natural Gas, Hardeep Singh Puri, explaining how the substantial reforms initiated by PM Modi have hastened India’s growth towards the 'Viksit Bharat' objective.

Puri stated, “Prime Minister Narendra Modi’s unprecedented 12th Independence Day address was notable for its breadth and depth. The speech unleashed a Brahmastra aimed at hastening India's journey towards Viksit Bharat, reminding us that the world is observing an ancient civilization transform into a contemporary power—not by forsaking its roots, but by drawing strength from them.”

In his article titled 'Red Fort Charter', Puri remarked, “From ensuring energy security to generating employment, PM Modi presented a comprehensive reform blueprint. The address was not just remarkable for its breadth but also its vision—next-generation reforms that are audacious and capable of reshaping the destiny of 1.4 billion citizens, with a clarity of vision unprecedented in our nation's history.”

He added that India’s clear assertion of sovereignty over critical technologies, the announcement of the National Critical Minerals Mission, emphasis on nuclear energy, unveiling of Mission Sudarshan Chakra, bold tax and legal reforms, PM Viksit Bharat Rozgar Yojana, and the National Deep Water Exploration Mission—among other transformative reforms—are set to triple India’s domestic hydrocarbon production to 85 million tonnes by 2032.

The Petroleum Minister further emphasized that energy security has historically been a vulnerability for India’s advancement. For decades, indecision and “no-go” classifications stifled exploration and increased reliance on imports.

Under PM Modi's leadership, India has reduced “no-go” zones for Exclusive Economic Zones by nearly 99%, liberating 1 million square kilometers for exploration and production (E&P).

“Alongside the Open Acreage Licensing Policy (OALP), this has created vast opportunities for Indian and global enterprises alike—our hydrocarbon basins will no longer be dormant but will be leveraged for national advancement,” the minister explained.

The National Deepwater Exploration Mission, introduced from the Red Fort, establishes an ambitious agenda in the Bay of Bengal and the Arabian Sea, aiming to unlock 600-1,200 million metric tonnes of oil and gas reserves by drilling nearly 40 exploratory wells. For the first time, India will systematically explore its intricate offshore frontiers—from the Bay of Bengal to the Arabian Sea—through a framework that mitigates investment risks by allowing recovery of up to 80% of costs for dry wells and 40% upon commercial discovery.