25 Years at the helm: How Modi’s govt transformed India’s economic policies

From banking reforms and GST to FDI, insolvency, income tax, MSMEs and manufacturing incentives, the Modi government has introduced several major economic changes since 2014. Here is a look at the key reforms and the numbers behind their progress.

New Delhi: When Narendra Modi became Prime Minister in 2014, India was dealing with several challenges across the banking and financial sectors.

Over the next decade, the government introduced a series of reforms covering bad loans, taxation, foreign investment, insolvency, income tax and manufacturing.

Cleaning up the banking system

One of the early priorities was dealing with the growing problem of bad loans. The Asset Quality Review pushed banks to identify stressed loans more accurately, while the government recapitalised public sector banks and later merged several of them.

The Insolvency and Bankruptcy Code,........

© News9Live