Narendra Modi, The Game Changer in 2021

Prime Minister Narendra Modi’s reform plan was only partially implemented during his first term. In his second term, he moved with breakneck pace to restructure India’s economic landscape, launching a major privatisation campaign in 2021 that included asset monetisation of PSUs as well as labour law reform. However, successfully implementing these improvements remains a challenge.

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PM Modi
PM Modi

Even before Prime Minister Narendra Modi’s first term began in 2014, a major expectation of the NDA was that, true to the slogan of “minimum government, maximum governance,” the Centre would quickly implement major reforms, particularly those that would take the government out of the business of running businesses. Reforms, on the other hand, are more difficult to implement than to declare, and Modi’s first term witnessed more gradual improvement than fundamental change. Even though the GST has proven to be significantly more advantageous than demonetisation, the Modi government’s tax network has had a rough start.

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