Modi, all named Narendra Modi, was born in 1950 and was from a small village in Kogilla, India.
When he was young, he was a local volunteer and organizer. He became Indian Prime Minister in 2014 and was re -elected in 2019.
He is a politician and a "action prime minister" in people’s mouths, known for its bold reforms and decisions.
In 2014, before Modi came to power, India’s economic growth rate fell to 5.9%, with an average inflation rate of 9.7%, and the corruption phenomenon was serious.
After Modi came to power, it launched a series of economic policies and reform plans to effectively promote India’s economic growth, create employment opportunities, improve living standards, and promote India’s competitiveness in the global economy. It is called "Modi Economics".
1. The important "feat" in "Modi Economics" is to vigorously support the manufacturing industry
With the change of the global economic structure of the 21st century, the industrial chain began to re -layout, and Modi seized the advantage of India’s wealth of labor, determined industrialization as the direction of the national economic development, and promoted India to become the focus of global manufacturing transfer.
In 2014, the Modi government launched an ambitious "Indian manufacturing" plan.
Subsequently, the "PMGSY" plan was launched to improve Indian infrastructure.
In March 2020, the government launched the PLI plan, covering 14 industries. It is expected that the incentive expenditure in the next 5-6 years will be 33 billion US dollars, which may create about 1.5 million directly and 5 million indirect employment opportunities, which means the manufacturing industry meansEmployment opportunities increased by about 6%, and the entire economic employment opportunity increased by 1.2%.
The first series of reforms proposed by the Modi government have a milestone significance for India for the past decade or in the future.
The rise of the Indian manufacturing industry has made India a major beneficiary in the reform of the global industrial chain and pushing India to become the third largest economy in the world.
In addition to the strong economic reforms, his foreign strategy is also an important reason why India has become a world power.
2Ahmedabad Investment. Modi’s diplomacyAgra Investment
India has always become the ambition to become the world’s great power.
"Borrowing the United States" is the only way to achieve the rise of India.
In the past two years, India has been looking for more high -value -added markets, exports have gradually changed to high -end technology -intensive products, and the proportion of electronic products has increased significantly.
Take semiconductors as an example. The United States has a huge advantage in the field of semiconductor design and high -tech manufacturing, while India’s huge market demand and basic labor force have complementary to the United States in the semiconductor industry chain.
3. Foreign capital continues to flow into
In fact, speaking of India’s advantages, the advantage of everyone first is people.
As of April 14, 2023, India has a population of 1.426 billion, surpassing India to become the world’s largest country.
However, the huge "population scale" is not equivalent to the "population advantage."The low level of education and cheap labor cannot be directly transformed into "demographic dividends", and it is impossible to become India’s long -term development advantage in the future.
However, as the service industry and industry become an important driving force for India’s GDP, India’s labor force will change from "quantity" to "quality".
Nearly half of India’s population is under 25 years old, of which the proportion of population aged 15-64 has increased significantly, and the overall labor force is young.
After Modi came to power, it relied on the huge young people in India to strongly support innovation and entrepreneurship and provided broad human resources for global enterprises.
In 2023, the three major American companies, micro -core technology, AMD and Tesla announced investment in India. This is a full recognition of the vitality of the Indian labor market and is conducive to the transformation of the Indian demographic dividend.
4. Free marketization constitution
The vigorous development of the Indian economy has also benefited from the empowerment of the free market -oriented economic system. It takes liberalization, marketization, privatization and global economic mechanism as the economic loosening.
Modi once said: This is the ten years of India.
This self -confidence is largely from a few large companies in India.
According to the Indian Sensex Index, the top 5 companies in the market value are all private enterprises. Among the top 20 companies in the market value, only India National Bank and Indian National Fire Power Power Electric are state -owned enterprises.
It can be seen that India’s privatization is more common, and private enterprises and groups have contributed greater operating income.
3. Is the 2024 Indian stock market foam or real gold?
Everyone focused on the Indian election on May 24, 2024.
Modi is largely re -elected, which will be a key part of the Indian stock market in 2024.
Economic liberalization in the early 1990s made India embarked on the road of rising, making it an important participant in the global economic system that cannot be ignored.
The madness of the Indian stock market at the moment seems to prove that the rise of Indian powers is not a dream, and the arrival of the Modi era also brings the dream of the Indian power to the world.
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