48 months of modiji Accelerating Growth

India Transforms, the World Applauds

Ø  India is the World Number One in attracting Greenfield FDI

Ø  India ranked 9th on foreign direct investment (FDI) inflows in 2016-World Investment Report 2017

Ø  India ranked 3rd in the list of top prospective host economies for 2016-18 in the UNCTAD World Investment Report (WIR)

Ø  Moody's upgraded India sovereign credit rating from Baa3 to Baal for the first time in 14 years

India Transforms, the World Applauds

India : A Leading Mobile Manufacturing Hub

                                 Then                    Now

Mobile manufacturing units set up                     2                        120

Mobile handsets produced                                  6 Cr                  22.5 Cr

Worth of mobile handsets produced            Rs 18,992crore      1.32 lakh crore

Higher Trust in Government, Higher Tax Compliance

Fuelling MSMEs, the Nation's Growth Engines

Ø  Of the total loan accounts, 76% are of women and more than 50% belong to SCs, STs and OBCs

Ø  Collateral-free loans for 12 crore small entrepreneurs benefited Lunder MUDRA

Ø Corporate tax rate slashed to 25% for companies with annual turnover up to Z 250 crore from Rs 50crore

Ease of Compliance Ensuring Labour Welfare

Ø  Shram Suvidha portal: Unique Labour identification number allocated, online registration of establishments

Ø  Employees don't undergo hassles to transfer EPFO accounts any more : Universal Account Number (UAN) boosts portability

Ø  The Payment of Wages (Amendment) Act 2017: Empowering workers

Banking Reforms Fuelling the Next Wave of Growth

Ø  Historic Insolvency and Bankruptcy Code leading to significant results

Ø  Approval for PSBs to amalgamate through an alternative mechanism to facilitate consolidation

Ø  Recapitalization of PSBs by infusion of 2,11,000 cr to support credit growth and job creation

Bold Reforms, Stronger Institutions, Resurgent Economy

Ø  Opened commercial coal mining sector to private players

Ø  Disinvestment crossed target of 72,500 crore

Ø  Home-buyers' dreams & rights protected with Real Estate Regulation Act (RERA)

Ø  Transparent resource allocation with 89 coal mines allocated

GST Enhancing Ease of Doing Business and Ease of Living

India becomes the Global Growth Engine

Strong Economic Fundamentals define India

Ø  India's forex reserves booming at 418.94 bn USD

Ø  FDI jumped 60.08 bn USD in 2016-17

Strong Macro Economic Fundamentals define India

Economy growing at a robust rate, with  7.4% GDP growth forecast for FY 2018-19