Modi Government's 12-Year Transformation of India
Analysis based on 6 articles · First reported Jun 07, 2026 · Last updated Jun 07, 2026
The positive outlook on India>>>'s economic growth, particularly in the space and startup sectors, is likely to attract foreign investment and boost investor confidence in India>>>n markets. The projected fivefold expansion of the space economy to $45 billion could lead to increased valuations for companies operating in this sector.
Union Minister Jitendra Singh (politician)>>> announced that 12 years of the Narendra Modi>>> government have transformed India>>> into an aspirational nation, driven by opportunity, innovation, and self-belief. He highlighted significant growth in India>>>'s space economy, currently valued at $9 billion and projected to reach $45 billion in the next seven to eight years. The startup ecosystem has expanded from 350-400 startups in 2014 to over 2.3 lakh, creating nearly 25 lakh jobs, with almost half in Tier-II and Tier-III cities and a substantial portion led by women. Governance reforms, such as ending gazetted-officer attestation and abolishing interviews for certain government recruitments, have fostered trust and merit-based selection. The government has also opened strategic sectors like space and nuclear energy to private participation, accelerating innovation and aligning India>>>'s scientific ecosystem with global standards. Initiatives like Viksit Bharat emphasize benchmarking progress against international standards. The long-term objective is to create an empowered society contributing to a developed India>>> by 2047.
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