• Ekta Basoya

Abstract: The Modi government's impact on Indian polity is significant and multi-faceted. It has introduced a new era of policy focus and implementation. However, it has also faced criticisms and challenges, reflecting the complexity of governing a diverse and rapidly changing country like India. The government's emphasis on development, welfare, and economic reform has shaped political discourse and election outcomes. While some policies have shown remarkable success in improving healthcare, financial inclusion, and digital access, others have faced hurdles and controversy. The Modi government's socio-economic policies have contributed to India's development journey, but their long-term impact will depend on the ability to address challenges, sustain positive outcomes, and adapt to evolving socio-economic and political dynamics. India's future will be shaped by a combination of policy initiatives, regional variations, and the engagement of citizens, making it an exciting and dynamic space to watch in the years to come. The impact Socio-economic policy of Modi government on Indian politics is multifaceted. They have been a significant part of the political discourse in India, both in terms of support and criticism. Supporters argue that these policies have brought about positive changes, such as economic reforms, increased financial inclusion, and infrastructure development. Critics point to challenges in implementation, economic disruptions, and the need for further improvements in various sectors. Indian politics is highly polarized, and opinions on these policies often align with political affiliations. The impact on elections and political dynamics can vary from state to state and over time, making it a complex and evolving aspect of Indian politics. It's essential to consider a range of perspectives and sources to understand the full impact of these policies on Indian polities, as political debates and circumstances can change rapidly. One of the most significant economic policies of the Modi government was the sudden demonetization of high-denomination currency notes in November 2016. It aimed to curb black money, corruption, and counterfeit currency. However, the move had short-term economic disruptions, including cash shortages, and its long-term impact on curbing black money is a subject of debate. The government implemented the GST in 2017, which aimed to simplify India's complex tax system by unifying multiple taxes into a single nationwide tax. While it has streamlined taxation and improved ease of doing business, some challenges, including compliance issues, remained in the early stages of implementation. Launched in 2014, this initiative aimed to promote manufacturing and boost India's economic growth. It sought to attract foreign investment and encourage domestic manufacturing. The impact of this initiative on job creation and industrial growth was a subject of debate. This campaign was launched to improve sanitation and cleanliness in India. It aimed to eliminate open defecation and improve solid waste management. It received both praise for its goals and criticism for its implementation challenges. Launched to promote digital literacy and digital infrastructure, Digital India aimed to connect rural and urban areas through technology. It has had some success in increasing internet penetration and digital access. This financial inclusion program aimed to provide banking services to all Indian households. It resulted in millions of new bank accounts being opened, improving financial access for many. Pradhan Mantri Awas Yojana (PMAY) program aimed to provide affordable housing to all by 2022. It sought to address the housing shortage in India, particularly for low-income groups. Ayushman Bharat Launched in 2018, this ambitious healthcare program aimed to provide health insurance coverage to millions of low-income families. It sought to address healthcare access and affordability issues. The impact of these policies on Indian politics is multifaceted. They have been a significant part of the political discourse in India, both in terms of support and criticism. Supporters argue that these policies have brought about positive changes, such as economic reforms, increased financial inclusion, and infrastructure development. Critics point to challenges in implementation, economic disruptions, and the need for further improvements in various sectors. Indian politics is highly polarized, and opinions on these policies often align with political affiliations. The impact on elections and political dynamics can vary from state to state and over time, making it a complex and evolving aspect of Indian politics. It's essential to consider a range of perspectives and sources to understand the full impact of these policies on Indian polities, as political debates and circumstances can change rapidly In 2016, India became the world’s major fastest growing economy leaving behind China.1 India was growing at a steady rate of more than seven per cent till the Bharatiyia Janta Party (BJP) government introduced certain policies such as demonetisation initiative and Goods and Services Tax (GST) that severely impacted its economic growth. Since mid-2016 its economic growth started to decelerate and in 2019, India’s economic growth stood at 4.5 per cent even though Modi made tall promises of making India a US$5 trillion economy by 2024. Hence, by using the Keynesian Model of Growth, this paper tries to analyse the performance of Indian economy under Modi’s government, determine the cyclical, structural and global factors that have contributed to India’s slowed economic growth and the impact of Modi’s extremist policies on the Indian economy. This paper identifies demonetisation, GST reforms, falling private consumption, protectionism and strict labour laws and COVID-19 pandemic as the factors behind India’s slowed economic growth under the current regime of Modi.

Keywords: Indian Economy, Economic Growth, Modi, Demonetisation, GST Reforms.

"Socio-economic policy of Modi government and its impact on Indian polities", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 1, page no.g308-g328, January-2023, Available :http://www.jetir.org/papers/JETIR2301641.pdf

"Socio-economic policy of Modi government and its impact on Indian polities", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 1, page no. ppg308-g328, January-2023, Available at : http://www.jetir.org/papers/JETIR2301641.pdf