Prime Minister Narendra Modi and his government are completing 12 years in power [1].
This milestone serves as a critical review of the administration's economic trajectory. The government is currently assessing its progress toward "Viksit Bharat," a vision for a developed India, while addressing persistent gaps in manufacturing and employment.
The current administration first came to power on May 16, 2014 [2]. Over the last 12 years [1], the government has implemented a series of economic reforms intended to modernize the national infrastructure and increase global competitiveness. These initiatives aim to transform India into a developed economy through systemic shifts in governance and industry.
Despite these goals, the government continues to face significant hurdles. Officials said they are reviewing challenges related to private investment and the creation of new jobs [1]. The manufacturing sector remains a primary focus for reform as the state attempts to increase its share of the global supply chain.
Political dynamics are also shifting within the national capital. Reports said that Modi's party is positioned to win an election in Delhi [3]. This would be a significant victory, as the party has been out of power in the capital for 27 years [3].
The administration's focus remains on the long-term goal of a developed nation. By analyzing the results of the past 12 years [1], the government intends to refine its strategy for private sector engagement, and industrial growth.
“The government is currently assessing its progress toward "Viksit Bharat,"”
The 12-year mark represents a transition from initial reform implementation to a phase of critical evaluation. While the administration has maintained national power, the struggle to ignite private investment and solve unemployment suggests that the 'Viksit Bharat' vision requires new mechanisms to move beyond state-led growth and achieve sustainable industrialization.
