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Opinion | How PM Modi Overcame Volatility, Uncertainty, Complexity & Ambiguity

18 1
10.06.2025

VUCA, an acronym for Volatility, Uncertainty, Complexity and Ambiguity, is a framework used to describe the challenging and rapidly changing environment in which organisations and individuals operate. It originated in the military sphere but is now widely adopted in business, economics and politics.

Clearly, the world today is in the grip of VUCA more than ever before. Few global leaders have showcased the will or ability to overcome VUCA. However, Narendra Modi not only overcame VUCA, but did so with elan.

On June 9, 2025, Prime Minister Narendra Modi will have completed one year of his historic third term as India’s duly elected Prime Minister, a feat unparalleled in India’s history. One of the most significant achievements of Modi’s third term is the robust economic growth India has sustained despite global geopolitical headwinds.

In the first 100 days of Modi 3.0 alone, investments worth Rs 15 lakh crore were committed, signalling strong investor confidence in India. In the last 11 years, over 17.9 crore jobs have been added as per RBI-KLEMS data, with an average job growth of 36%. Between FY12 and FY23, extreme poverty in India fell from 27.1% to just 5.3%.

Kashmir to Kanyakumari is now a reality for the railway network. Generations in J&K spent their lives waiting for rail connectivity, but today, be it the Chenab bridge or the Anji bridge, they are gateways to the prosperity of Jammu & Kashmir. Atal Tinkering Labs have incubated over 3,500 start-ups, supported over 1,000 women-led start-ups and created over 32,000 jobs, fuelling the spirit of youth entrepreneurship. India registers four start-ups every hour, with funding increasing 15 times, incubators growing seven times and investors increasing nine times, showcasing an ecosystem that nurtures youth-led ventures. One in every 10 unicorns globally was born in India last year, with 118 unicorns created, highlighting India’s rising prominence in the global start-up ecosystem. Nearly 50% of recognised start-ups are based in Tier 2 and 3 cities, generating 68 lakh jobs in the last six years. India is rewriting the rules of innovation by opening up critical sectors like space and defence to private players; in the defence sector, 92% of contracts worth Rs 1.68 lakh crore now go to Indian companies. Needless to add, PM Modi’s focus on empowering the youth and their scientific temper has paid rich dividends.

Urban India has transformed with over 4,576 cities having achieved ODF status. Dignity and hygiene are no longer a privilege – they are a right. Solid and liquid waste management now covers over five lakh villages. Over 10 lakh homes now receive up to 300 units of free electricity per month and the government is saving Rs 75,000 crore annually. With over 36.87 crore LED bulbs distributed under UJALA, families are saving Rs 19,153 crore each year. Emissions are down by 3.87 crore tonnes of CO₂ per year. Clean energy isn’t just green – it’s pro-poor. Jal Jeevan Mission brought water to the doorstep of millions. There has been a 380% increase in households with tap water connections, from 3.23 crore to........

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