THE LAST 10 years have witnessed a significant transformation in India. The Indian economy has become the fifth largest in the world and is currently the fastest-growing large economy globally. Over this decade, the government’s Budget has tripled from ₹16 lakh crore to ₹48 lakh crore. Among many milestones, one stands out for symbolising India’s qualitative transformation—the leadership of the Narendra Modi government.
For decades, Indian governance was characterised by dysfunctionality and corruption. This was famously described by Rajiv Gandhi in the late 1980s when he noted that out of every ₹100 allocated, only ₹15 reached its intended recipient. This leakage, corruption, and inefficiency defined India’s governance for six and a half decades after Independence until Prime Minister Narendra Modi assumed office, bringing with him a vision of ‘Maximum Governance’.
We are living in an era of remarkable technological transformation. This shift is no longer about potential—it is now a reality that is reshaping economies and improving lives. In India, we have seen firsthand how technology can empower countries that were once marginalised, enabling them to leap into a new era of opportunities.
From the outset, PM Modi embraced technology as the catalyst for achieving his goal of Maximum Governance. He envisioned technology applications built on the foundation of Aadhaar, India’s digital ID, to enable direct connections between the government and citizens’ bank accounts. This vision has evolved into IndiaDPI (India’s Digital Public Infrastructure), a stack of applications at the heart of India’s digital government architecture.
This story is from the September 15, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 15, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Attitude Decides Altitude"
BEST ADVICE - RAJNEET KOHLI, CEO & EXECUTIVE DIRECTOR, BRITANNIA INDUSTRIES LTD
"FOR RATAN TATA, IT WAS ALWAYS NATION FIRST"
Thomas Matthew, former IAS officer, on his new biography of Ratan Tata, the late Chairman Emeritus of Tata Sons
"RADICAL CHANGE NEEDED TO IMPROVE URBAN INFRA"
K.P. Singh, Chairman Emeritus of DLF, on the dynamic nature of the real estate sector, challenges in urban planning, and more
REDEFINING AMBITION
Shashikant Ruia was a visionary entrepreneur who navigated challenges with resilience. He leaves behind a rich legacy of ambition and leadership
ON THE WILD SIDE
LOVE WILDLIFE BUT DON'T WANT TO GIVE UP ON THE FINER THINGS WHILE ON A TRIP TO SPOT ANIMALS? CHECK OUT THESE LUXURIOUS WILDLIFE RESORTS FOR THE HOLIDAY SEASON
"India is the only market globally with substantial growth"
RHI Magnesita CEO Stefan Borgas on the company's M&A strategy, why India is important, the way ahead, and more
FRESH ON THE STREET
IPOs have come back with a bang in 2024, with a record ₹1.3 lakh crore raised till October. As a result, many newly-listed firms have made it to the BT500 list
RIDING THE WAVES
The shipping industry is on the brink of a transformation. Beyond government support and technological advancements, what are the other driving forces and emerging trends that will define the landscape in 2025?
HOME RUN
After a decade-long slowdown, India’s real estate market reached its highest decadal sales level in the first half of 2024
In Pursuit of Good Health
The past year has been eventful for the Indian pharma sector, with some companies witnessing growth, and some challenges. The outlook for the sector, however, remains positive