Badhta Bharat- Ubharata Bharat



  • Mera mobile mera bank mera batua: BHIM app (based on United Payments Interface(UPI)), to promote cashless economy brings payments to people’s phones
  • 125 lakh people have adopted the BHIM app so far. Total transactions in BHIM App is nearly 50 lakhs & amount transacted is Rs. 1407 cr since 30th December, 2016
  • BHP –AADHAR Platform launched by PM on 14th April ,2017 on Ambedkar Jayanti at Nagpur
  • Cash incentives to promote digital payments – Lucky GrahakYojana and Digi DhanVyaparYojana
  • Aadhar enabled Payment system in place to promote less cash economy
  • Target of 2,500 crore digital transactions for 2017-18 through UPI, USSD, Aadhar Pay, IMPS and Rupay debit cards
  • Provisions being made for sufficient number of PoS Terminals
    • As on 19th March 2017, more than 11 Lakh Point of Sale (PoS) have been deployed against the target of 10 Lakh PoS deployment by banks before 31st March, 2017
  • Payments Regulatory Board to be set up within RBI
  • Digital Jagriti Program
    • More than 2 Crore citizens trained on usage of electronic modes of payments since 2nd December, 2016
    • Supported in on-boarding more than 16 lakh merchants


  • One Nation, One Tax- One Nation-One Market
  • Passed by Parliament
  • To be rolled on July 1,2017
  • 4 Tax Rates- 5%, 12%, 18%, 28%
  • Reduction in overall taxes on goods, estimated to be 25-30%
  • Lead to ease of doing business and increase in tax revenue collections.

Benefits of GST

Decrease in Inflation due to

  • Reduction in Cascading effect of Taxes
  • Overall Reduction in Prices

Ease of Doing Business due to

  • Common National Market
  • Benefits to Small Taxpayers

Decrease in “Black” Transactions due to

  • Self-Regulating on line Tax System
  • Non-Intrusive and transparent Tax System

More informed consumer due to

  • Simplified Tax Regime
  • Reduction in Multiplicity of Taxes

Poorer States to gain due to

  • GST being a destination based Tax
  • Consumer States to benefit the most
  • Abolition of CST

Make in India boost due to

  • Exports to be Zero Rated
  • Protection of Domestic Industry – IGST


  • Inflation brought under control. CPI-based inflation declined to 3.65% in February 2017 from7.72% in May 2014.
  • Inflation rate averaged 7.79 percent from 2012 until 2016, reaching an all-time high of 11.16 percent in November 2013 and a record low of 3.69 percent in July 2015
  • Economic Survey: CPI based Inflation likely to be below 5%.
  • Food inflation down to 2.46%; it was 8.88% in May 2014
  • Economy has moved on a high growth path.
  • India’s Current Account Deficit declined from 1.8% in 2014-15 to 1.3% in Q3 2016.
  • High GDP growth rate: 7%+
  • Highest FDI ever: $63 billion
  • Fiscal Deficit in control: 3.2%
  • Current Account Deficit down from 4% in 2014 to almost zero
  • Low inflation: Around 4% from high of 11% in 2014
  • Rupee exchange rate in control

 GDP Growth Rate

  • India has been the brightest star in global economy since the Government came to power, and fear-mongering over demonetization was exposed by Q3 2016-17 growth of 7.1%
Year Growth rate (%)
2012-13 5.48
2013-14 6.54
2014-15 7.18
2015-16 7.93
2016-17 7.11


GDP (Growth Rate) Projections by International Agencies (2016 vs 2017P)

International Agencies Report 2016 2017P
IMF World Economic Outlook (October, 2017) 7.1% 6.7%
OECD India – Economic forecast, 2017 7.1% 7.3%
World Bank Global Economic Prospects, June 2017 6.8% 7.2%
UN World Economic Situation and Prospects, update as of mid-2017 7.0% 7.3%
ADB Asian Development Outlook, September 2017 7.1% 7.0%
CSO Press Release, 2017 2016-17 (7.1%)

*P = Projection


  • Foreign Direct Investment goes up by 48% since NDA Govt. took over
Year Amount of FDI (US$ Billion)
2013-14 36.4
2014-15 44.9
2015-16 53.4
2016-17 (till December, 2016) 47.2
  • India world’s most attractive investment destination
  • Will create jobs and benefit domestic consumers through lower prices and superior technology.


  • India’s Highest ever FOREX Reserves in 2015
  • Macroeconomic stability ensured with Forex Reserves $364 Billion (as on March 23,2017) compared to $312 Billion (May end, 2014)
  • Lowest point of Forex Reserves in this decade reached in September 2013 – $274 Billion, threatening macroeconomic stability


3 Major Reforms in Budget 2017-18.

  • Presentation of Budget advanced to 1st February to enable the Ministries to operationalize all activities from the commencement of the financial year.
  • Merger of Railways Budget with General Budget to bring Railways to the centre stage of Government’s Fiscal Policy and
  • Removal of plan and non-plan classification of expenditure to facilitate a holistic view of allocations for sectors and ministries


  • Improved rank in Ease of Doing Business Ranking
  • Self-certification
  • Simplification of rules
  • Scrapping of about 1200 obsolete laws
  • Most of the regulatory processes put online.
  • 60% of defence Items out of the licensing process
  • Real Estate Bill passed to protect the interest of buyers and bring more transparency to the housing sector.
  • Gas pooling for power and fertilizer sectors.


  • Merger of 5 State Bank subsidiaries into State Bank of India


  • Real Estate Bill passed to protect the interest of buyers and bring more transparency to the housing sector.


  • To provide a new financial instrument of investment to public at large and reduce the demand for physical gold. 3986 kg of Gold bonds worth Rs. 1044 crore subscribed.


  • Boost to indigenous gold coin scheme launched under Make in India                            



  • ShramSuvidha portal: unique labour identification number allocated, online registration of establishments.
  • Unique Labour Identification number allocated to give permanent identity to labourers. EPFO issued 6.57 crores UAN out of which 2.5 crore have been activated through mobile phones.
  • Amendments in Labour laws to exempt certain industries from returns, labour registration, inspection etc.
  • Amendment in factories Act, 1948 to allow for: night shift for women, increased hours of overtime
  • Apprentices Act, 1961 modified to ensure more apprentices. Stipend linked to minimum wages.
  • Facility of Common online return in one year
  • Reforms in BIS laws to improve the standards of goods and services
  • National Career Service Project:  bringing employers, trainers and unemployed on single platform, 3.5 Crore aspirants registered till now.

Written by Youth Darpan

An Leading Online News And Community Writing Platform. Founder and CEO, Mr. Trilok Singh.

NDA Government Initiatives : Digital India