Action in next 3 years |
The Narendra Modi government in India is looking to utilise the next three years to consolidate its gains and has extensive plans to revamp governance and boost economic growth after having spent the initial years tackling inherited challenges of high inflation and low growth. The government has fixed a target of completing rural electrification by 2018 and providing roads in 60,000 rural habitations. The first two years are being seen as a period of consolidation and fixing of priorities while the stress will now be on programme implementation. The government has taken a series of measures to restore confidence and boost growth, a crackdown on corruption and black money, concerted efforts to tame inflation and shoring up strategic ties. This period saw the launch of mega programmes to improve sanitation, attract investment with Make in India, labour reforms, improvements in ease of doing business, Skill India drive, approving a new bankruptcy law and a massive financial inclusion programme, the Pradhan Mantri Jan Dhan Yojana. This is a massive social security scheme covering 10 crore people.The time in office so far has been used to clean up the mines and minerals segment through a transparent process for auctioning of mineral resources, spectrum, FM radio and resolving issues linked to stalled projects.
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