The ten big policy plays: Key economic initiatives India has seen under Modi from 2014 to 2024

The goods and services tax, the bankruptcy code, PM-Kisan — key economic initiatives India has seen over the past 10 years. The last decade has also been marked by big social interventions, beginning with the financial inclusion drive launched soon after the NDA came to power in 2014. The results of these measures will serve as the launch pad for achieving developed economy status in 2047. A look at some of the transformative policy changes over the decade.2014: Pradhan Mantri Jan Dhan YojanaThe government announces the Pradhan Mantri Jan Dhan Yojana scheme to drive financial inclusion

2015: Insolvency and Bankruptcy CodeThe Insolvency and Bankruptcy Code bill, which lays the foundation for faster and more efficient insolvency resolution, introduced in Lok Sabha

2016: DemonetisationOn November 8, the Prime Minister announces demonetisation of Rs 500 and Rs 1,000 notes to promote cashless transactions and curb the shadow economy

2017: Good and Services TaxThe government implements one nation-one tax to simplify the tax regime

2018: Pradhan Mantri Jan Aarogya YojanaThe health assurance scheme is started to provide health cover of Rs 5 lakh per family per year for secondary and tertiary care hospitalisation

2019: PM-KISANThe government launches PM-Kisan Samman Nidhi to transfer Rs 6,000 per annum as minimum income support to farmers

Allocations – FY19: Rs 1,241 crFY20: Rs 48,714FY21: Rs 60,990FY22: Rs 66,825 crFY23: Rs 58,254 crFY24: Rs 60,000 cr

2020: New Income Tax RegimeThe government introduces a new tax regime for individual taxpayers with no exemptions, running parallel with the old tax regime

2021: PM Gati ShaktiThe government launches Gati Shakti to push for the coordinated implementation of infrastructure connectivity projects

2022: Developed India@2047The Prime Minister sets 2047 as the target for making India a developed economy, to mark the 100th year of the country’s independence