During the annual investment summit of the India Global Forum in Delhi on March 6th, Union Home Minister Amit Shah lauded the central government’s achievements in keeping inflation under 5%. He contrasted this with the double-digit inflation rates experienced under the previous UPA government. At this pivotal gathering, Shah detailed how the Indian economy, prior to 2014, was plagued by instability, soaring inflation, and an unchecked fiscal deficit. Yet, under Prime Minister Narendra Modi’s stewardship, India has transformed into a nation governed by policies, now standing on the brink of significant electoral engagements. Shah commended Modi for his foresight and outlined a future where, by 2047—marking 100 years of independence—India is envisioned to be fully developed, self-sufficient, and among the global economic frontrunners. He articulated the transition of the Indian government from a phase of inertia to one of vigor, and from economic vulnerability to strength, crediting the current administration with overcoming the challenges of corruption and economic mismanagement that tainted its predecessors. Amit Shah’s address effectively underscored the current government’s success in managing inflation and its ambitious blueprint for a prosperous future.
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